CAPITAL GAIN
Ashwin Kumar (1234 Points)
28 October 2017
IS THERE ANY CAPITAL GAIN TAX ON SELF GENERATED GOODWILL SINCE IT HAS NO ACQUISITION COST ?
4 Replies
CA Amit Kumar
(Chartered Accountant)
(350 Points)
Replied 28 October 2017
There will be Capital Gain if it is Business but No capital gain in case of profession..
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195722 Points)
Replied 28 October 2017
Refer: https://www.caclubindia.com/forum/self-generated-goodwill-177142.asp
also https://incometaxmanagement.com/Pages/Tax-Ready-Reckoner/GTI/Capital-Gain/20-Cost-of-Acquisition-of-Goodwill[Section-55(2)(a)].
add H T M L at last
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