As 22 _ c/f loss

Dear ,

DTA & DTL is created on Accounting differece under two set of books i.e. Accounts & Income Tax.Also you have not clarifed under which book this loss has been booked.However if this loss relate to Income tax then under income tax loss is allowed to be carried forward & set off.

Therefore in this case you can create DTL  for depreciation.

DTA would be created by Debitting DTA Account & Credit P&L Accounts in Accounts.

Thanks 

Sir , now i have given correctly.. pls clarify Sir.. How much DTA &/ DTL is created and balances for Year 1 & year 2

Year 1  = Net Loss Rs. 100000/-(including depreciation) (as per financial books)

Year 2 = Net profits Rs 150000 (including depreciation) (as per financial books)
 

A ltd purchases a plant in Year-1 for Rs. 10 lakhs

depn rate - 13.91 % as per Co's Act , 25% as per IT Act

Tax rate = 35%

Net profit /loss means ...i have considered PBT but after dep