Deferred Tax Asset and Liability explanation

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.