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(Querist)
28 August 2009 whether tax is to be paid on revaluation of assets
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Jitender

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Jitender (Expert)
28 August 2009 no tax is to be paid on it.
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chetan soni

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chetan soni (Expert)
28 August 2009 not required.

The effect of revaluation will be directly go to capital account/ reserve % surplus account.
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