1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Notifications
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>New Rule 8AC: Calculating Short-Term Capital Gains & Goodwill Depreciation Under Income Tax Amendment, 2021.</h1> The Income Tax Amendment (19th Amendment), Rules, 2021 introduces Rule 8AC, detailing the computation of short-term capital gains and written down value under section 50 when depreciation on goodwill is obtained. It specifies the calculation method for the written down value of intangible assets, particularly goodwill, for the assessment year starting April 1, 2021. If goodwill was the sole asset in the block and no new assets were acquired, no capital gains or losses will occur. The amendment also outlines the determination of capital gains or losses on goodwill transfer according to sections 48, 49, and 55.
TaxTMI 
TaxTMI 
