Menu
capital gain
goodwill sold 25L faier market value on 1-4-1981 was rs. 5L compute capital gainor loss for a.y. 2017-2018
Replies (28)
it depends on facts of the case.Such as
-whether Goodwill is for business or profession.
-whether it is self generated or purchased.
-whether Goodwill is for business or profession.
-whether it is self generated or purchased.
it is for b$p
if self generated then COA is Nil else purchased price.
would u like to solve this question pls...??
is Goodwill is part of block of assets on which depreciation is claimed?
no it is not
answer will be 312500...but how
answer will be 312500...but how
I think it's basic problem..
take Indexed COA on 01.04.81 and deduct from sale consideration.
still m not getting the answer..
why dear? which. book? IPCC..?
nope..
it's from bcom book of m.d.s universiry ajmer
please copy paste full problem....
manish sold goodwill of his trade on 1-12-2016 for rs. 25L. the goodwill was purchased on 1-1-1976 for rs. 250000. it's faier market value on 1-4-1981 was rs. 5 L . compute capital gain /loss for the a.y. 2017-2018
Related Topics
CAclubindia
