What use to be done if goodwill is purchased ?
Udit Mathur (-) (88 Points)
01 February 2011
Is that goodwill need to be w/o in the next 5 years if yes under which law or AS ?
2 Replies
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 01 February 2011
As per Accounting Standard 26 Intangible Assets
Udit Mathur
(-)
(88 Points)
Replied 01 February 2011
But sir In AS 26 it is clearly written that it is not applicable on "Items which are covered under any other AS"
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