https://www.taxtmi.com/acts?id=40016 Computation under Rule 8AC governs the written down value of the intangible asset block and any short-term capital gains where depreciation has been claimed on goodwill. Where the depreciation adjustment exceeds the aggregate of the opening written down value and the cost of other intangible assets acquired during the relevant year, the excess is deemed to be short-term capital gains. If goodwill was the only asset and the block ceases to exist because no further asset is acquired, no capital gains or loss arises. en-us Thu, 08 Jul 2021 10:19:28 +0530 Mon, 18 May 2026 15:46:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40016 Computation under Rule 8AC governs the written down value of the intangible asset block and any short-term capital gains where depreciation has been claimed on goodwill. Where the depreciation adjustment exceeds the aggregate of the opening written down value and the cost of other intangible assets acquired during the relevant year, the excess is deemed to be short-term capital gains. If goodwill was the only asset and the block ceases to exist because no further asset is acquired, no capital gains or loss arises. Act-Rules Income Tax Thu, 08 Jul 2021 10:19:28 +0530 https://www.taxtmi.com/acts?id=40016