goodwill
This query is : Resolved
CA Vijeta Verma
(Querist)
18 January 2011
is it true that now onwards even goodwill will be depreciated?
Manmohan ACA, CS
(Expert)
18 January 2011
A case has decided that " goodwill is an intangible assets assets u/s 32(1)(ii) and eligible for depreciation [CIT vs Hindustan Coca Cola Beverages Pvt. Ltd]
so now you can claim depreciation on goodwill but this matters is still a bit controversial.
so now you can claim depreciation on goodwill but this matters is still a bit controversial.
19 January 2011
is it a recent case law ?
Nikhil Kothari
(Expert)
19 January 2011
Yes agree with Manmohan.
@Praksh Sir: Yes it is recent case law.
@Praksh Sir: Yes it is recent case law.
Dhirajlal Rambhia
(Expert)
08 October 2021
Only if its purchased. Not in case when it is self created.
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