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P sasikalap sasikala asked 2 years ago

Hi sir, good morning, a newly qualified CA requires to purchase goodwill then whether the experience required for accepting bank audits will automatically get transferred to him after purchase of goodwill

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RaviRavi Staff answered 2 years ago

If CA purchases goodwill of a firm, he gets right to practice in the name of firm. He can claim experience and seniority of firm while filling empanelment form. So it is a shortcut to become eligible early.