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Depreciation of Goodwill

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(Querist)
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,
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
29 June 2009 Dear Kunal
As per Section 32 Good Will is Intangible Assets eligible for Depreciation @25%

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