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DTA and DTL
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.?
Replies (6)
No you can net off according to accounting standars.
Shri Kamathji, can we or can we not?
As per Accounting Standards you CAN NOT net off DTA and DTL while presenting Financial statements.
For accurate presentation.....refer AS 22
AS22 does not speak about netting....ie it is silent either on netting or otherwise....
You can't Net off both. You have to present both in FS.
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