Newsletter/Booklets 2nd Feb 2021

Budget Buzz – Depreciation on Goodwill

Latest Thought Leadership

international trades
Alerts & Updates 26th Aug 2026

U.S. Expands Iran Sanctions under “Operation Economic Outcast” – New Sectoral Measures and India-Related Measures

Read More
Newsletter/Booklets 24th Aug 2026

Trade Newsletter: July 2026

Read More
Alerts & Updates 21st Aug 2026

From Bangalore Water Supply to Jai Bir Singh: The Evolving Definition Of “Industry”

Read More
Investment Funds
Alerts & Updates 20th Aug 2026

Only Accredited Investors can invest in Angel Funds, but are Angel Funds AI-Only Funds?

Read More

The Finance Bill 2021 has proposed that good will of a business or profession will not be considered as a depreciable asset and accordingly depreciation would not be allowed on goodwill of a business or profession in any situation.

Click here

Privacy Policy

As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.