Whether depreciation on acquired goodwill allowable under provisions of Income Tax Act 1961

FCS Deepak Pratap Singh , Last updated: 12 November 2021 Share Follow on Google News

INCOME TAX QUESTIONS ANSWERS SERIES XXV QUESTION The assessee, purchased a running business from M/s R.G.K. At the time of acquiring the business, the assessee had paid certain amount in respect of trade name, goodwill and for all other business and commercial rights and claimed depreciation

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About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, MyselfFCSDeepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP, ID) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Independent Director ,Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited I ... Read more

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Whether depreciation on acquired goodwill allowable under provisions of Income Tax Act 1961

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