Taxability og goodwill on induction of new partner
This query is : Resolved
Sunil Shyamsukha
(Querist)
26 December 2013
is goodwill created on induction of new partner...taxable in the hands of existing part ners ?
26 December 2013
Hi
can you enumerate the same with example.
Generally withdrawals of goodwill at the time of induction of new partner is not taxable.
Thanks//VaibhavJ
can you enumerate the same with example.
Generally withdrawals of goodwill at the time of induction of new partner is not taxable.
Thanks//VaibhavJ
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