How can I transfer "GOODWILL" of my business.( Goodwill is not in my Books of account.) Is it possible to transfer the same through will?
Menu
Transfer of goodwill
Replies (7)
If I put my HUF money in my individual account and leave 2 days and gift in my son's name, then there will be no problem with any Taxation Department.
Didnt get u
can you elaborate?
Mrs. S is running business on a property. She made her will stating dat after her date that property on which business is running will be transferred to Mr.A. Now my query is , is it possible dat anyone can say that only property is transferred and not business which is running on dat property. What to do if Mrs. S want that after her death , business shall be in hands on Mr.A only.
That’s why I asked is it possible to transfer Goodwill of business through will
The asset would be recorded in the books at the value recorded in the books of transferor
The asset would be recorded in the books at the value recorded in the books of transferor
If goodwill is not recorded in the books of transferor, it can't be record in the books of transferee.
Recent Topics :
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
- Category B/D pop up after the file is e verified
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
- Clubbing of deceased's income
Related Topics :
CAclubindia
