Cost of acquisition of self generated goodwill

capital gain treatment of self generated goodwill?
Replies (1)

I know like this as Internally generated goodwill and it is expensed because it is not separately identifiable  from activities. Since it is cost is expensed, I read it just now from others that it is non taxable. I am also of the same opinion that capital gains arise on sale and when there is no goodwill, there is no sale! Besides goodwill is either acquired or written off!

I meant xpenditure incurred is expensed and no goodwill is recognised. IndAS 38.48

https://www.caclubindia.com/forum/self-generated-goodwill-82255.asp

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