| Question And Answer | |
|---|---|
| Subject: | capital gain-goodwill |
| Category: | Income-Tax |
| Querist: | gylimaye |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Capital Gains |
| Date: | April 9, 2022 |
the answer by adv. Bahel is not clear. firm with 2 partners, one died. other partner paid goodwill to wife of deceased partner.rs 50 lakhs. whether this 50 lakhs are taxable, if taxable in whos hands
in bcaj article it is stated that same is not taxable
my view is same as money is not paid to partner
this being new amendment various views are possible with different arguments
so clear answer is expected
Reply of the Expert is awaited. Please check back later
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