Should deferred tax asset & capital reserve accumulated on account of revaluation of fixed assets be subtracted from paid-up capital while computing net worth of a company?
Jay Chakraborty (Section Officer) (127 Points)
12 September 2009Should deferred tax asset & capital reserve accumulated on account of revaluation of fixed assets be subtracted from paid-up capital while computing net worth of a company?
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 12 September 2009
Deferred tax asset should be. Others will be decided by the purpose for which u need the networth certificate and the format specified by them
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 06 October 2009
he is correct
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