Calculation of goodwill of a profession

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CA Amruta Powar (Querist)
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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

CMA Ashutosh Kumar Gupta

CMA Ashutosh Kumar Gupta (Expert)
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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

CA Amruta Powar (Querist)
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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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