Goodwill of pathology lab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2015
i am a doctor running a pathology lab now wish to transfer the same to a company.can i recieve goodwill of my profession in addition to the cost of assets of my lab.what willbe the incometax implications.
Guest
Guest
(Expert)
04 October 2015
For a professional, There is no tax on sale of goodwill. But for profit on sale of other assets, then there will be tax
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