DTL and DTA

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Buddhadeb Maity

Buddhadeb Maity (Querist)
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25 August 2016 How can i calculated net deferred tax liability and and asseta

ACA Anurag

ACA Anurag (Expert)
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25 August 2016 Dear User,

DTL and DTA is calculated based on there nature.

So kindly share some figure so that i can make u understand about it.

Kindly like if my response has helped you

Buddhadeb Maity

Buddhadeb Maity (Querist)
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25 August 2016 i dont have any illustrate now..i see the figure in balance sheet .u just explain why it is Occur?

ACA Anurag

ACA Anurag (Expert)
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25 August 2016 Dear user,

DTL is provison for future tax when accounting income is more and income tax income is less then DTL gets created and on opposite DTA gets created.

Hope your query is resolved

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Buddhadeb Maity

Buddhadeb Maity (Querist)
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25 August 2016 please explain it in illustrate

ACA Anurag

ACA Anurag (Expert)
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25 August 2016 Dear User,

Take a example.

Income as per your books is 500000 and as per income tax act is 400000 then this creates a DTL (I.e future tax liability) . The difference gets generated because of several reason as a eg - Dep rate difference ( While accounting income follow companies act rate and income tax act follow income tax department rate.

I hope now its clear

Buddhadeb Maity

Buddhadeb Maity (Querist)
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25 August 2016 thank u for this

ACA Anurag

ACA Anurag (Expert)
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25 August 2016 Always welcome

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