Deffered Tax

This query is : Resolved 

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?

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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