Received Goodwill: Tax Treatment

Party received Goodwill from Joint Developer: 30 Lakhs

Under which head of Income to be shown
Replies (6)
Quick Summary
This discussion clarifies the tax treatment for goodwill received from a joint developer, valued at 30 Lakhs. The consensus is that this should be treated under Capital Gains. The applicable tax rate depends on whether it's a Long Term Capital Gain (LTCG), taxed at a flat 20%, or a Short Term Capital Gain (STCG), taxed at normal income rates.

I think under capital gains
Capital Gains Tax rate please
If LTCG @ 20%, if STCG @ normal rates.
Capital gains. tax rate for CG will be 20% flat.
Please send me anyone salary payslip format please
20% LTCG

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