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CAPITAL GAIN
IS THERE ANY CAPITAL GAIN TAX ON SELF GENERATED GOODWILL SINCE IT HAS NO ACQUISITION COST ?
Replies (4)
There will be Capital Gain if it is Business but No capital gain in case of profession..
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)].
add H T M L at last
thnks
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