Partnership Deed Generator
Enter your firm and partner details and get a clean, printable partnership deed with all standard clauses — capital, profit sharing, interest, remuneration and signatures — ready to Print or Save as PDF for stamping and notarisation.
- Free — no sign-up
- Instant, on-screen results
- Built by our CA · CS team
- Rules cited on the page
Get your partnership firm registered & PAN issued
A CA drafts a watertight deed, gets it stamped & notarised and applies for firm PAN and registration.
Disclaimer: This generates a draft partnership deed for your records. Stamp duty, notarisation, firm PAN and (optional) registration with the Registrar of Firms are required to make it fully effective. Have a professional review the final deed before execution.
How it works
A partnership deed is the written agreement that governs the rights, duties, capital and profit sharing of partners in a firm under the Indian Partnership Act, 1932. Draft one in four steps — no login, nothing leaves your browser.
Enter details
Add the firm name, business activity, place, each partner's name, address, capital and profit share.
Watch it build
The full deed renders live on the right — parties, capital, ratios, interest, remuneration and all standard clauses.
Print / Save PDF
Hit Print / Save PDF. Only the deed prints — ready to be typed on stamp paper and signed before witnesses.
Stamp & notarise
Pay stamp duty, get it notarised, apply for the firm's PAN and (optionally) register with the Registrar of Firms.
Key terms explained
Registered vs unregistered firm
Registration with the Registrar of Firms is optional in most states, but an unregistered firm cannot sue to enforce contractual rights against third parties or between partners. Registration is strongly recommended before you start transacting.
Stamp duty by state
A partnership deed must be executed on non-judicial stamp paper; the value varies by state (often ₹500–₹1,000, sometimes linked to capital). Check your state's Stamp Act — an under-stamped deed can be inadmissible as evidence.
PAN in the firm name
A partnership firm is a separate assessee and must obtain its own PAN in the firm's name before opening a bank account, raising invoices or filing the firm's income-tax return.
Section 40(b) — remuneration & interest
Interest on capital is deductible up to 12% p.a., and partner remuneration is capped: ₹1,50,000 or 90% of the first ₹6,00,000 of book profit, plus 60% of the balance. Only working partners can draw remuneration, and it must be authorised by the deed.
Notarisation
Notarising the deed and getting each partner's signature attested by two witnesses adds evidentiary weight. Banks and the PAN/GST authorities routinely ask for a notarised copy.
Profit-sharing ratio
Profits and losses are shared in the ratio set in the deed. If the deed is silent, the Act presumes equal sharing regardless of capital. Always state the ratio explicitly — the shares should total 100%.
Questions people ask
Short answers on Partnership Deed Generator. Tap a question to open it.
01Is a written partnership deed compulsory?
A partnership can exist without a written deed, but a written and stamped deed is required to register the firm, to open a bank account, to obtain PAN, and — crucially — for the firm to claim a deduction for partner remuneration and interest under section 40(b).
02What must the deed contain?
Names and addresses of the partners, the firm name and business, the date of commencement, capital contributions, profit and loss sharing ratios, remuneration and interest to partners, duties and powers, banking arrangements, and the terms for admission, retirement, death and dissolution.
03What stamp duty applies?
Stamp duty on a partnership deed is a state subject and varies — some states charge a flat amount, others link it to capital contribution. The deed must be executed on stamp paper of the correct value in the state where the firm is situated.
04Should the firm be registered with the Registrar of Firms?
Registration is optional but strongly advisable. An unregistered firm cannot sue to enforce a contractual right against a third party or against a partner, which is a serious practical disadvantage.
05Can the deed be changed later?
Yes, by a supplementary deed signed by all partners, stamped and — if the firm is registered — notified to the Registrar of Firms. Changes affecting remuneration take effect only from the date of the supplementary deed.
More Generators & Templates tools
Picked from the same shelf. Every tool is free and runs in your browser.
Disclaimer: This tool gives indicative results for general guidance only and is not professional advice. Please verify with a qualified CA before acting on the numbers.