DTA and DTL

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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6 Replies

Ganapathi Kamath (229 Points)
Replied 21 January 2020

No you can net off according to accounting standars.

Shivaputra Mhetre (25 Points)
Replied 21 January 2020

Shri Kamathji, can we or can we not?

Ganapathi Kamath (229 Points)
Replied 21 January 2020

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

geo jojan (CA) (42 Points)
Replied 21 January 2020

For accurate presentation.....refer AS 22

Shivaputra Mhetre (25 Points)
Replied 21 January 2020

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

Aman Modi (76 Points)
Replied 21 January 2020

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

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