Easy Office
LCI Learning

retirment of the partner

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 November 2009 thanks for reply. but i m still not able to understand that goodwillis taxable in whose hands?
retiring partner or the firm?
any case which i can refer to
Profile Image

Rajnish

Profile Image

Rajnish (Expert)
09 November 2009 Transfer of assets is liable to taxed in hand of owner. Goodwil is owned by firm, hence will be taxed in hand of firm only.

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



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links