Reduction of Goodwill from block of assets to be considered as 'transfer'

Last updated: 03 February 2022

1. From the assessment year 2021-2022, goodwill of a business or profession is not considered as a depreciable asset and there would not be any depreciation on goodwill of a business or profession in any situation. In case where goodwill is purchased by an assessee, the purchase price of the goodwil

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