We have problem regarding the revaluation of the assets .. the problem that we are facing is .... we have a patnership firm we are trying to convert it to a company which is going to the IPO ..... so my problem here is that will it be better for the firm to first revalue the assets and later on convert.. the patnership firm to the company ...,. as the conversion is not considered transfer ... and the revalued asset can be directly credited to the partners accounts and it can be carried into the new company as ther shareholding .. KINDLY provide me a solution to it..and the need is in urgency
CAclubindia
