India's Finance Act, 2021 (Act No. 13 of 2021) received the assent of the president (was enacted) on 28 March 2021. Some of the main measures are summarized as follows:

• Changes are made regarding the treatment of goodwill to provide that depreciation will no longer be allowed for goodwill, with transitional provisions for the treatment of goodwill carried forward from earlier years and the ac…