Deferred Tax Asset and Liability explanation

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According to definition, if Current Tax > Tax Expenses, then it is called Deffered Tax Assets

and if Current Tax < Tax Expenses, then it is called Deferred Tax Liability

So, how if Current Tax is more than Tax Expenses it is called an 'Assets'

and how if Current Tax is less than Tax Expenses it is called a 'Liability'

Please explain...

Replies (2)
Deferred tax assets is current assets and deferred tax liability is current liabilities but entity should show the net balance of DTA and DTL in balance sheet
When Income Tax libility as per book's of Accounts is more than Income Tax act due to i.e rate of depreciation , then for temporary difference we have to create Deferred Tax liability .
when Income Tax libility as per book's of Accounts is less than Income Tax act due i.e rate of depreciation , then for temporary difference we have to create Deferred Tax Asset.

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