DTA and DTL

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25 Points Posted on 21 January 2020
In case a company has x amount of DTL and Y amount of DTA. whether we net it off for the purpose of showing under B/S.?
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On 21 January 2020 at 08:07 Report
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Quick Summary
This discussion clarifies whether Deferred Tax Assets (DTA) and Deferred Tax Liabilities (DTL) should be netted off when presenting a company's Balance Sheet. According to accounting standards, specifically AS 22, DTA and DTL cannot be netted off. Both must be presented separately in the financial statements for accurate reporting.

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229 Points Posted on 21 January 2020
No you can net off according to accounting standars.
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On 21 January 2020 at 08:26
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25 Points Posted on 21 January 2020
Shri Kamathji, can we or can we not?
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On 21 January 2020 at 09:35
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229 Points Posted on 21 January 2020
As per Accounting Standards you CAN NOT net off DTA and DTL while presenting Financial statements.
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On 21 January 2020 at 09:39
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CA
42 Points Posted on 21 January 2020
For accurate presentation.....refer AS 22
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On 21 January 2020 at 09:49
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25 Points Posted on 21 January 2020
AS22 does not speak about netting....ie it is silent either on netting or otherwise....
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On 21 January 2020 at 09:52
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76 Points Posted on 21 January 2020
You can't Net off both. You have to present both in FS.
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On 21 January 2020 at 23:45

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