I would like to ask you about Deffered tax asset and Deferred tax liability.Why we are creating DTA and DTA in our Books of accounts at the time of calculating depreciation as per Companies act,2013 and depreciation as per Income tax act,1961.What is the main purpose of creating those asset and Liability.
I request you to give me overall preview about DTA and DTL i.e., how we will calculate DTA & DTL and what is it's accounting treatment.
It's very big concept.
Cannot be explained over here.
Better refer AS 22.
You will get your answers.
CAclubindia
