If you have the plan of beginning a partnership firm in Delhi, the most essential thing is that you have an idea of Partnership Firm Registration cost in Delhi. It is one of the requirements which makes one understand and manage to pay legal charges, not hidden to one’s account while getting such service. Below we shall look at the
Government fees required in Partnership Firm registration
The government charges for registering a partnership firm in Delhi vary as a function of the number of partners and capital investment in the firm. A summary of standard charges is mentioned below:
Stamp Duty on Partnership Deed
Stamp duty varies with the amount of capital provided by the firm.
For the capital amount that does not exceed Rs. 1 lakh, the stamp duty charge is roughly between Rs. 500 and Rs. 1,000.
For an amount of capital above Rs. 1 lakh, the amount depends on state law.
Notary Charges
In case you want to notarize the partnership deed, the charges are between Rs. 500 and Rs. 1,500.
Registration Fees with Registrar of Firms (RoF)
The registration costs to be paid to the RoF for a partnership firm at Delhi are between Rs. 1,000 and Rs. 2,000 depending on the number of partners.
Legal Charges for Partnership Firm Registration
In addition to government fees, legal charges form another constituent of the cost of Partnership Firm Registration in Delhi. These are as follows:
Professional Fees (CA/CS/Lawyer Fees)
The cost of getting a professional draft the partnership deed and complete the registration process ranges between Rs. 3,000 to Rs. 10,000 based on the complexity of the deed and services involved.
GST Registration (If Required)
If the turnover of your business exceeds the GST limit, you will require a GST registration. Professional GST registration fees will range between Rs. 1,500 to Rs. 3,000.
Miscellaneous Charges
These include, amongst others, charges for filing the digital signature or PAN card and courier cost. These works out to approx Rs. 1,000 to Rs. 2,500.
Net Cost of Partnerships Firm registration in Delhi
In the list of above expense items, this approximates Rs. 6,000 to Rs.15,000 contingent on professional help used and money being invested.
How to Reduce the Cost for Partnership Firm Registration?
Online registration can be done to save professional charges.
Prepare a partnership deed with the templates if your firm is not so complex.
Compare service providers to get low-cost legal assistance
Make sure that the document is error-free because every wrong document will have resubmission fees.
Final Points
The process to register a partnership firm in Delhi is not really complicated, but the cost for Partnership Firm Registration cost in Delhi needs to be in order for effective financial planning. Knowing the fees charged by the government and other legal charges prior to the same will ensure you have a hassle-free registration without any surprise expenditures.
If you need professional help, it is always advisable to consult a CA or legal expert to handle documentation and compliance efficiently.
