Calculation of goodwill of a profession
This query is : Resolved
CA Amruta Powar
(Querist)
04 January 2012
can anybody please help me out with the following query
If a Chartered Accountant in practice dies and other member of Institute holding COP wants to takeover deceased CA's practice, on what basis the goodwill of the deceased CA should be calculated.
please revert to me asap
If a Chartered Accountant in practice dies and other member of Institute holding COP wants to takeover deceased CA's practice, on what basis the goodwill of the deceased CA should be calculated.
please revert to me asap
07 January 2012
Pl. seek the guidance from ICAI as in general sense firm does not hold the entity status like Company capturing either proprietorship or partnership, dying/expiry of the proprietor makes it redundant, partnership firm is also dissolved on expiry of the partner untill fresh resolution comes into force legally.
CA Amruta Powar
(Querist)
14 January 2012
Sir, can you please let me know where to post the query ??? I am not getting it on ICAI website
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