New Rule 8AC for Computing Short Term Capital Gain and Written-Down Value

New Rule 8AC for Computing Short Term Capital Gain and Written-Down Value The Central Board of Direct Taxes (CBDT) vides a Notification No. 77/2021 dated 7th July 2021 notified Rule 8AC for businesses that obtained depreciation on goodwill in FY2020-2021. The excess of such depreciation will…