CAPITAL GAIN
Ashwin Kumar (1234 Points)
28 October 2017
IS THERE ANY CAPITAL GAIN TAX ON SELF GENERATED GOODWILL SINCE IT HAS NO ACQUISITION COST ?
Ashwin Kumar (1234 Points)
28 October 2017
CA Amit Kumar
(Chartered Accountant)
(341 Points)
Replied 28 October 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168002 Points)
Replied 28 October 2017
Refer: https://www.caclubindia.com/forum/self-generated-goodwill-177142.asp
also https://incometaxmanagement.com/Pages/Tax-Ready-Reckoner/GTI/Capital-Gain/20-Cost-of-Acquisition-of-Goodwill[Section-55(2)(a)].
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