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Deffered Tax

This query is : Resolved 
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(Querist)
22 September 2008 1)If i Create Deffered Tax for the first time in companies Accounts , Can i change make changes in previous year audited balance Sheet Also?.......

2) The Company Sold Most of the Assets in 2007-08 .Moreover Deffred Tax is not provided in books.How Should i calculate deffered Tax now?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
22 September 2008 1) The opening balance has to be carved out of General reserve.

2) This question is not clear. What is its relevance to DT?
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