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CAPITALISATION OF REVALUATION RESERVE

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2010 CAN REVALUATION RESERVE CREATED BY REVALUATION OF FREE HOLD LAND IS CAPITALIZED ?
(BY WAY OF CREDIT SAME INTO PARTNERS ACCOUNT
)
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CA Kamal Gangaramani

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CA Kamal Gangaramani (Expert)
01 July 2010 yes, it is your land and your balance sheet, you don't need to take anybody's permission in case of partnership firm.

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