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Revaluation of fixed assets

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(Querist)
30 May 2013 I want to know whether a certificate from valuer is necessary for revaluation of fixed asset? What are the consequences if a private ltd. company has revalued its asset without the certificate?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 May 2013 There should be proper evidence for revaluation of fixed asset. without valuer certificate cannot be revalue the asset by company

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