capital gain on goodwill on transfer of professionalhospital of an individual

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....apital gain on goodwill on transfer of professionalhospital of an individual<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 6-9-2012 Last Reply Date:- 10-9-2012 Income Tax<br>Got 3 Replies<br>Inc....

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....ome Tax<br>Plz give your expert opinion on capital gain on goodwill on transfer of professional nursing home/hospital of an individual. S.C.WADHWA Reply By CA GOPALJI AGRAWAL: The Reply: Please giv....

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....e the detailed facts of the case. Your case may fall under slump sale (Section 50B) Reply By S.C. WADHWA: The Reply: She is a well qualified surgeon was in employment with this hospital from 8 to 10....

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.... years and did her professional practise in the said hospital from 5 to 6 years and lateron the said hospital was purchased in the year 2008-09 FY. The sale transaction fell under slum sale at that ti....

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....me. Now the said hospital is under sale consideration. Please give your expert opinion whether the transaction fall under slum sale or it will be beneficial to get goodwill. S.C.WADHWA Reply By CA ....

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....GOPALJI AGRAWAL: The Reply: Yes, it may fall under slump sale. Please refer section 50B for details.<br> Discussion Forum - Knowledge Sharing ....