Depreciation of Goodwill
This query is : Resolved
29 June 2009
Hi,
Can any one tell me that depreciation on goodwill(acquired) need to be provided or no? if for reference can i get any case law........
Thank U,
Can any one tell me that depreciation on goodwill(acquired) need to be provided or no? if for reference can i get any case law........
Thank U,
29 June 2009
Dear Kunal
As per Section 32 Good Will is Intangible Assets eligible for Depreciation @25%
As per Section 32 Good Will is Intangible Assets eligible for Depreciation @25%
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