Covid19 Alert : Keep Social distance and utilize your time by joining CA CS CMA online classes at 30% disc Coupon: SAFE30 Call : 1800-3000-0505

DTA and DTL


Shivaputra Mhetre   21 January 2020

Shivaputra Mhetre

 20 points

| My Other Post

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.?

avater

Ganapathi Kamath   21 January 2020

Ganapathi Kamath

 16 likes  227 points

View Profile | My Other Post

No you can net off according to accounting standars.

avater

Vishesh Surana   21 January 2020

Vishesh Surana

 303 likes  5031 points

View Profile | My Other Post

Preparation of financial statement shall be done after neting off since both are of same nature

Shivaputra Mhetre   21 January 2020

Shivaputra Mhetre

 20 points

View Profile | My Other Post

Shri Kamathji, can we or can we not?

avater

Ganapathi Kamath   21 January 2020

Ganapathi Kamath

 16 likes  227 points

View Profile | My Other Post

As per Accounting Standards you CAN NOT net off DTA and DTL while presenting Financial statements.

geo jojan (CA)     21 January 2020

geo jojan
CA 
 39 points

View Profile | My Other Post

For accurate presentation.....refer AS 22

Shivaputra Mhetre   21 January 2020

Shivaputra Mhetre

 20 points

View Profile | My Other Post

AS22 does not speak about netting....ie it is silent either on netting or otherwise....

avater

Aman Modi   21 January 2020

Aman Modi

 5 likes  64 points

View Profile | My Other Post

You can't Net off both. You have to present both in FS.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  




Popular Discussion


view more »