Amalgamation
This query is : Resolved
abhishek kashyap
(Querist)
25 July 2013
sir,
if there is goodwill in books of old company and there arises the case of capital reserve in case of shortfall of P.C while taking over assets and liability in purchase method, will both the goodwill and capital reserve remain in the books of new company or we may set-off goodwill against capital reserve. if there is some different treatment, please tell me about that also.
if there is goodwill in books of old company and there arises the case of capital reserve in case of shortfall of P.C while taking over assets and liability in purchase method, will both the goodwill and capital reserve remain in the books of new company or we may set-off goodwill against capital reserve. if there is some different treatment, please tell me about that also.
Guest
Guest
(Expert)
26 July 2013
apply set off.There is no need to show both simultaneously
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
