Question And Answer
Subject: capital gain-goodwill
Querist: gylimaye
Answered by: Reply of the Expert is awaited;
Date: April 9, 2022
Query asked by gylimaye

the answer by adv. Bahel is not clear. firm with 2 partners, one died. other partner paid goodwill to wife of deceased 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

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