goodwill to retiring partner
This query is : Resolved
23 October 2008
Is goodwill to retiring partner is fully taxable or not? Or if it is taxable then it is under what section taxable
S.Srinivasaraghavan
(Expert)
24 October 2008
Capital gains-section 55 of IT Act.
24 October 2008
it is taxable as capital gain considering its cost as nil.
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