Menu
AS-26 applicability in partnership (CA-IPCC)
as per AS-26 only purchased goodwill can be shown in books.But in problems related to conversion/sale of partnership firm to company, in ipcc study material they are providing purchase consideration for goodwill(included in business purchase).
Replies (1)
Follow AS goodwill method. Yes, consideration received+nci-net identifiable assets= goodwill. If you think that there is goodwill arising out of a company when it becomes a corporate from partnership firm, your wrong, Goodwill arises on acquisition or internally generated,
Recent Threads
- Offshore company POEM for Indian resident
- Correction in 26QB filed for late TDS filing
- GST- ITC CLAIM ON LOAN PROCESSING CHARGES
- CApital gains deduction u/s 54EC
- Reversal of Cess shown in provisions credit balanc
- ESOP shares ITR query
- Income tax on arrear payment
- INCOME TAX ON STCG/LTCG
- Ownership Documents for GST registration for Rural
- Exchange rate to use for Canadian Dollars (CAD) fo
Related Threads
CAclubindia
