Revaluation Reserves to be included in Networth
This query is : Resolved
21 January 2010
Please guide me, if revaluation reserve can be included in NETWORTH calculation or not. suggest any ruling or case law
Please guide me, if revaluation reserve can be included in NETWORTH calculation or not. suggest any ruling or case law
Hitesh Jain
(Expert)
21 January 2010
No as per Companies act and Income tax both revaluation reserve should not be included in Net worth as it wont generate any cash for the company.
23 January 2010
Its completely correct. but i want some case law or incometax guideline if you can suggest please.
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