Transfer of goodwill by professional firms will not attract capital gains tax - which section
2 Replies
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 29 March 2010
In my view it is fully taxable as the cost of acquisition is taken to be NIl and hence is fully liable for tax.
C.Balaji
(Learner)
(1867 Points)
Replied 29 March 2010
Agree with Aditya sir.........
I also think Transfer of Goodwill is taxable and Cost of Acquisition will be NIL.....
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