taxation of goodwill at the time of induction of partner
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2011
whether the goodwill brought in by newly inducted partner, with drawn by existing partners is taxable.....
17 February 2011
Withdrawl of Goodwill bought in by new partner is just like withdrawal of cash balance form their capital account. It is not taxable
18 February 2011
Hi,
Agree with expert, anyways will get back to u with complete details w.r.t to the provisions of Law,
Thank you,
Regards
CA. LOHITH.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
Agree with expert, anyways will get back to u with complete details w.r.t to the provisions of Law,
Thank you,
Regards
CA. LOHITH.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
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