Depreciation on Goodwill Allowed: Excess Consideration as Business Rights Qualifies u/s 32 of Income Tax Act.

Depreciation on Goodwill Allowed: Excess Consideration as Business Rights Qualifies u/s 32 of Income Tax Act. https://www.taxtmi.com/highlights?id=44140 Denial of depreciation on goodwill and intangibles - the excess consideration paid over and net asset value of the business acquired shall be goodwill being ‘any other business or commercial rights of similar nature’ and will be entitled for depreciation u/s 32 en-us Mon, 28 Jan 2019 07:51:40 +0530 Mon, 28 Jan 2019 07:51:40 +0530 TaxTMI RSS Generator Depreciation on Goodwill Allowed: Excess Consideration as Business Rights Qualifies u/s 32 of Income Tax Act. https://www.taxtmi.com/highlights?id=44140 Denial of depreciation on goodwill and intangibles - the excess consideration paid over and net asset value of the business acquired shall be goodwill being ‘any other business or commercial rights of similar nature’ and will be entitled for depreciation u/s 32 Highlights Income Tax Mon, 28 Jan 2019 07:51:40 +0530 https://www.taxtmi.com/highlights?id=44140