CA Day celebration 2024 Easy Office
LCI Learning

taxation of goodwill at the time of induction of partner

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 February 2011 whether the goodwill brought in by newly inducted partner, with drawn by existing partners is taxable.....
Profile Image

CA bhargava

Profile Image

CA bhargava (Expert)
17 February 2011 Withdrawl of Goodwill bought in by new partner is just like withdrawal of cash balance form their capital account. It is not taxable
Profile Image

CA. Lohith Jagadeesh

Profile Image

CA. Lohith Jagadeesh (Expert)
18 February 2011 Hi,
Agree with expert, anyways will get back to u with complete details w.r.t to the provisions of Law,

Thank you,

Regards
CA. LOHITH.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links