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Guest

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Guest (Querist)
30 August 2008 in a balance sheet we are amortised preliminary expenses or other this amortisation is based on company policy or any fixed percentage what is the amortisation shows
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Jitender

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Jitender (Expert)
30 August 2008 it is created on timing differences b/w income tax laws & co. law.
if in future due to timing difference ,tax will be payable then deferred tax lia is created otherwise dta is created.

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i answered the query asked earlier to this query.

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