Goodwill of a company is shown on the assets side of the Balance Sheet under which head as per Schedule III of the Companies Act 2013 ?

Current Assets Non current assets Fixed assets Tangible Assets

Non current assets

As per Schedule III of the Companies Act 2013, the classified balance sheet in terms of current and non-current assets and current and non-current liabilities have been introduced. The criteria for defining current assets and liabilities has been clearly spelled out with non-current assets and liabilities being the residual items. Hence, goodwill will fall under the sub head "non current assets".