Depreciation on Goodwill Eligible u/s 32(1) of Income Tax Act if Purchased Goodwill is Demonstrated Post-Demergers.

Depreciation on Goodwill Eligible u/s 32(1) of Income Tax Act if Purchased Goodwill is Demonstrated Post-Demergers. https://www.taxtmi.com/highlights?id=69310 Depreciation on goodwill u/s 32(1) - post demerger - once the assessee proves that goodwill accounted in the books of accounts in a scheme of demerger is only of purchased goodwill by paying consideration then the same fall within the ambit of purchased goodwill and entitled for depreciation under section 32(1) of the Act. - AT en-us Wed, 19 Apr 2023 15:51:24 +0530 Wed, 19 Apr 2023 15:51:24 +0530 TaxTMI RSS Generator Depreciation on Goodwill Eligible u/s 32(1) of Income Tax Act if Purchased Goodwill is Demonstrated Post-Demergers. https://www.taxtmi.com/highlights?id=69310 Depreciation on goodwill u/s 32(1) - post demerger - once the assessee proves that goodwill accounted in the books of accounts in a scheme of demerger is only of purchased goodwill by paying consideration then the same fall within the ambit of purchased goodwill and entitled for depreciation under section 32(1) of the Act. - AT Highlights Income Tax Wed, 19 Apr 2023 15:51:24 +0530 https://www.taxtmi.com/highlights?id=69310