whether gain on transfer of goodwill is subject to capital gain tax?? how to compute such gain? how to compute period of holding in this case?
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Gain on self generated asset
Replies (1)
1.Yes,it attracts capital gain 2.COA NIL IF SELF GENERATED,IF PURCHASED PURCHASE PRICE 3.option to take fmv is not available if purchased before 1.4.81 4.cost of improvement is taken as nil 5.indexation will apply.Period dt of purchase to dt of sale 36m
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