Goodwill of a business or profession not depreciable asset and no depreciation to be allowed
February 1, 2021
budget-2021, Income Tax
Goodwill of a business or profession not to be considered depreciable asset and no depreciation to be allowed in any situation. Goodwill not depreciable asset Hon‘ble Supreme Court has held that Goodwill of a business or profession is a depreciable asset under section 32 of the Act. According …