Income tax on revaluation

when we revalue our assets like building then in such case is it taxable or not
or only taxable when realised by way of selling
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Quick Summary
This discussion clarifies the tax implications of revaluing assets like buildings. Generally, income tax is only payable when the asset is actually sold, not at the point of revaluation itself. The conversation also touches upon claiming depreciation without the effect of a revaluation.

Yes it's taxable only at the time of sale...and depreciation claim on without revaluation effect
Income tax on revaluation.

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