This Query has 1 replies
Dear members,
I need advice from anyone who has dealt with transfer of goodwill of a deceased member’s proprietary firm recently.
Facts:
My father, a CA in practice and sole proprietor of his firm, passed away on 21.10.2025. I am his son, a CA in practice, with my own proprietary firm.
The legal heirship certificate took time and was issued only on 29.05.2026.
On 25.07.2026, the ESB announced that the time limit for transfer of goodwill of a deceased member’s proprietary firm is increased from one year to three years from the date of death, and that the one-year limit in the Code of Ethics, 2026 (Vol. I) shall be read as three years. The announcement mentions no cut-off date.
Relying on this, I completed the formalities:
public notice in two newspapers on 10.10.2026, with no objections received;
NOC from the other legal heirs on 17.10.2026 and their notarised affidavit on 23.10.2026;
draft goodwill transfer deed.
Before 21.10.2026, the firm was selectable on the SSP and I had started the goodwill application. After the one-year date, the firm disappeared from the portal.
I raised an e-Sahaayataa grievance. The Firm Section closed it saying: “For cases where the date of death of the member is before 27.04.2026, the earlier limit of one year for transfer of Goodwill of his/her Proprietary Firm shall apply.”
I can’t find this 27.04.2026 cut-off in any published announcement or Council decision.
The firm name still shows “not available” in Form 117, so it hasn’t been released.
What I’ve done / plan to do:
representation to the Secretary, ESB;
separate application for condonation of the roughly 21-day delay, with an affidavit;
RTI application asking for the Council decision behind the 27.04.2026 date.
My questions:
Does anyone know where the 27.04.2026 cut-off comes from? Was it a Council meeting date, or is it published somewhere?
Has anyone had a delay in goodwill transfer condoned by ICAI? How long did it take, and to whom did you apply?
Has anyone got a firm restored on the SSP after it was removed at the end of the one-year period?
Any experience of a writ petition against ICAI on a firm name or goodwill matter?
Any guidance would be appreciated. Thank you.
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Company has asked customer to reimburse the transportation cost without GST in Mar-26. In books transportation cost booked under indirect exps and RCM paid on it. Meantime follow up was going on for the reimbursement, in this month customer reimbursed the money without GST. Can I show this amount credit side of transportation cost ledger and debit to customer as below:
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Sir
One leady after creating a trust transfer her immoveable property(land & small house) to the corpus of that trust and get it registered.
Subsquently she made a gift deed in favour of her relative say Mr.A and transfer the same property . This deed also registered.
Then again some years latter she create another gift deed wherein she transfer that same property in favour of MR.B This deed also registered.
Latter when the leady was died the trustees claim that subsquent gift deeds (2nos) was invalid. So Mr.A and Mr.b Had no legal right.
What will be the legal status of the issue.
Regards
Abhijit
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Sir,
If a Packer and mover located at Chennai moves goods from one state to another ( eg. Chennai to Bangalore ) and raises the Invoice to his customer on his Chennai Address, then will it be a Inter-state service or Intra-state service.
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DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit