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Goodwill- Incometax, Income Tax

Issue Id: - 117695
Dated: 12-12-2021
Goodwill- Incometax

  • Contents

Sir. any inputs on treatment of goodwill paid for purchase of business? under income tax act !

1. Can Goodwill paid to acquire business treated as expense?

2. Amortization of amount paid for Goodwill in books possible?

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