Goodwill

Others 468 views 2 replies

CA FINAL

398 Points Joined November 2010

What is the difference between GOODWILL OF BUSINESS AND GOODWILL OF PROFESSION?

Replies (2)

Guest

Under capital gain,

As per Section 55

Capital gain is levy on self gernerated goodwill for business but no capital gain on self generated goodwill for profession.

And you need to be more clear on your querry.

Associate Finance

709 Points Joined January 2009

Hi,

Both are same in eyes of law

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