| 1. Deferred Tax Assets ( net )
In accordance with the Accounting Standard 22 on " Accounting for Taxes
on Income " issued by The Institute of Chartered
Accountants of India, Deferred assets and liabilities should be
recognized for all timing differences in accordance with the
said standard.
The tax effect of significant timing differences during the year that
have resulted in deferred tax assets and liabilities are given below:
Company Overview :
Twinstar Industries Ltd. (Formerly known as Twinstar Software Exports
Ltd.) is a public limited company engaged in business of trading in
various products.
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