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goodwill treatment

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(Querist)
08 March 2009 can anybody give the correct treatment of this line "T shall bring in Rs. 40000 in all as his capital and his propotionate share of revalued amount of goodwill of firm"
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 March 2009 40000/- is inclusive of Capital ocntribution and goodwill contribution.

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