Date of WDV of asset for calculating revaluation profit

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srishti agrawal (Querist)
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24 May 2011 suppose revaluation of assets is done on 18/03/2011, then which date WDV will be taken for calculating revaluation profit?

Vidya Jain (Expert)
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25 May 2011 The WDV on 18/03/2011 should be taken for calculating revaluation profit.

Pankaj Gandhi Jaiswal (Expert)
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10 June 2011 revaluation reserve not profit will be as on 18/03/2011

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