Easy Office
LCI Learning

Retirement of Partner

This query is : Resolved 

25 November 2019 Payment made to retiring partner over and above capital contribution whether it will be taxable?

25 November 2019 Yes, when partner receives over and above capital contribution then there is capital gain.

26 November 2019 what if over and above is received on account of goodwill ?
And whether goodwill has to be booked in balance sheet?






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries