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calculation of goodwill its urgent

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(Querist)
27 August 2008 its urgent

MY FIRM IS NORMAL FIRM

INCOME IS ONLY FROM COMMISSION & ONLY FROM ONE PARTY

WE ARE TWO PARTNER FOR EQUAL RATIOS



my firm will be dissolved in next month after 10 year

tell me the METHOD of calculation of goodwill of my share

its urgernt


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CA E.A.Ravikumar

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CA E.A.Ravikumar (Expert)
27 August 2008 is it a CA firm ? if yes, then normally the good will be equivalent to one year fee of regular clients.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
28 August 2008 There is no hard and fast rule for calculation of good will. Only the acceptability of the partis matters.
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