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DTA and DTL


Shivaputra Mhetre   21 January 2020

Shivaputra Mhetre

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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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Ganapathi Kamath   21 January 2020

Ganapathi Kamath

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No you can net off according to accounting standars.

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Vishesh Surana   21 January 2020

Vishesh Surana

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

Shivaputra Mhetre   21 January 2020

Shivaputra Mhetre

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Shri Kamathji, can we or can we not?

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Ganapathi Kamath   21 January 2020

Ganapathi Kamath

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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

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For accurate presentation.....refer AS 22

Shivaputra Mhetre   21 January 2020

Shivaputra Mhetre

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

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Aman Modi   21 January 2020

Aman Modi

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


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