Goodwill hunting

This discussion clarifies the application of goodwill valuation methods under Indian Accounting Standards (AS) and Indian Accounting Standards (Ind AS). While older AS standards, particularly AS 26, don't explicitly detail profit or super profit methods, Ind AS 103 focuses solely on goodwill arising from business acquisitions. The consensus is that AS 26 applies to partnerships, and Ind AS 103 to companies, with specific guidance found in these respective standards.