Calculation of goodwill of a profession
This query is : Resolved
CA Amruta Powar
(Querist)
04 January 2012
can anybody please help me out with the following query
If a Chartered Accountant in practice dies and other member of Institute holding COP wants to takeover deceased CA's practice, on what basis the goodwill of the deceased CA should be calculated.
please revert to me asap
If a Chartered Accountant in practice dies and other member of Institute holding COP wants to takeover deceased CA's practice, on what basis the goodwill of the deceased CA should be calculated.
please revert to me asap
07 January 2012
Pl. seek the guidance from ICAI as in general sense firm does not hold the entity status like Company capturing either proprietorship or partnership, dying/expiry of the proprietor makes it redundant, partnership firm is also dissolved on expiry of the partner untill fresh resolution comes into force legally.
CA Amruta Powar
(Querist)
14 January 2012
Sir, can you please let me know where to post the query ??? I am not getting it on ICAI website
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Employee secondment
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Import of Capital Machine
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Closer of business and itc of capital goods
- Rent agreement of House of deceased person
- Capital gain on commercial property and investment in residential property
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
