value of any asset, (j) the amount standing in revaluation reserve relating to revalued asset on the retirement or disposal of such asset ... statement of profit and loss (excluding the depreciation on account of revaluation of assets); or (iib) the amount withdrawn from revaluation reserve and credited
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 ... audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation; (58) “notification” means a notification
shall be substituted, namely: - "(j) the amount standing in revaluation reserve relating to revalued asset on the retirement or disposal of such asset
profit and loss; (x) the amount standing in revaluation reserve relating to revalued asset on the retirement or disposal of such asset, if any such ... revaluation reserve and credited to the statement of profit and loss, to the extent it does not exceed depreciation on account of revaluation of assets
measured using the revaluation model:
(a) changes in the liability alter the revaluation surplus or deficit previously recognised on that asset, so that ... revaluation surplus in the owners' interest to the extent of any credit balance existing in the revaluation surplus in respect of that asset
issue; (gg) "net tangible assets" mean the sum of all net assets of the issuer, excluding intangible assets as defined in Accounting Standard ... assets or capitalisation of intangible assets is involved in such transaction; or (ii) resulting from a bonus issue by utilisation of revaluation reserves or unrealised
each asset shall be updated in the Fixed Assets Register every year. 66. Asset Replacement Register.
(1) The Council shall maintain a separate Asset Replacement ... Asset Replacement Fund. (3) The Asset Replacement Register shall be maintained asset class-wise to record the amounts transferred for the purpose. (4) The Asset
Andhra Pradesh Municipalities (Preparation of Accounts) Rules, 2017
67. Revaluation of fixed assets.
(1) The Council may carry out a revaluation of its assets, with ... value of fixed assets due to revaluation shall be recorded in a 'Revaluation Reserve' Account. (3) Revaluation Reserve shall be adjusted/reduced by an amount
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 ... audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation; (58) “notification” means a notification
Finance Act, 2012
UNION OF INDIA
India
Finance Act, 2012
Act 23 of 2012
Published
