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Revaluation Reserves
ICAI has withdrawn during 2015 the Guidance Note on treatment of revaluation reserves of fixed assets. what is the latest position of the same. thank you in advance.
Replies (2)
Guidance note is cancelled, which is issued in the year 1982.
for revaluation of fixed asset, just follow AS 10 Property, Plant and Equipment
Thank you. what about revaluation of intangible assets viz software etc.?
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