The cost of improvement in relation to the capital asset being goodwill of the business shall be taken to be as :

CS Executive · Tax Laws and Practice · PYQS · June 2018
The cost of improvement in relation to the capital asset being goodwill of the business shall be taken to be as :
(A) Cost incurred by the previous owner
(B) Actual cost incurred by the assessee
(C) Incurred cost after indexation
(D) None of the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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