How to calculate opening and closing DTA/DTL
This query is : Resolved
07 October 2023
How to calculate opening and closing
Deferred Tax assets and Deferred tax liabilities.
Deferred Tax assets and Deferred tax liabilities.
CA R SEETHARAMAN
(Expert)
08 October 2023
Deferred tax liability is calculated by finding the difference between the company's taxable income and its account earnings before taxes, then multiplying that by its expected tax rate.
In case of loss carried forward to be adjusted in future income, it's deferred tax asset.
In case of loss carried forward to be adjusted in future income, it's deferred tax asset.
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