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Section 186
For calculation of free reserve rent equalisation reserve is consider or not
Replies (2)
“free reserves” means such reserves which, as per the latest audited balance
sheet of a company, are available for distribution as dividend:
Provided that—
(i) any amount representing unrealised gains, notional gains or revaluation
of assets, whether shown as a reserve or otherwise, or
(ii) any change in carrying amount of an asset or of a liability recognised
in equity, including surplus in profit and loss account on measurement of the
asset or the liability at fair value,
shall not be treated as free reserves
sheet of a company, are available for distribution as dividend:
Provided that—
(i) any amount representing unrealised gains, notional gains or revaluation
of assets, whether shown as a reserve or otherwise, or
(ii) any change in carrying amount of an asset or of a liability recognised
in equity, including surplus in profit and loss account on measurement of the
asset or the liability at fair value,
shall not be treated as free reserves
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