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Compensation paid by firm to its retiring partner is treated as goodwill, eligible for depreciation

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  • Compensation paid by firm to its retiring partner is treated as goodwill, eligible for depreciation
Posted onon June 16, 2016

Tenet Tax Daily June 11 2016

By tenettax-team
Corporate Tax, Individual Taxation

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Unabsorbed depreciation is allowed to be carried forward even if return isn’t filed within due date
FTS paid to NR was taxable in India as payer’s source of income from such services was in India

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