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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Depreciation on goodwill account - Even if the cost of shares ...


Shareholders' Allotted Shares Cost as Goodwill Eligible for Depreciation, Even When Part of Finance Means.

July 18, 2015

Case Laws     Income Tax     AT

Depreciation on goodwill account - Even if the cost of shares allotted to the shareholders of JKSL is considered to be the cost of goodwill acquired by the assessee, as it was shown as part of means of finance, even then it is eligible for depreciation - AT

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