IND AS 12 Revision | CA Final FR | Income Taxes - Deferred Tax DTA DTL | By CA Ajay Agarwal AIR 1

Topics Coverage:
Ind AS 12 - Income Taxes
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[@ss_Archives]

Tax Base Defn 21:21 Memory Technique for DTA/DTL 27:30 Summary of Imp Egs - 41:00 Future Tax Rate - 51:00 Steps for Practical Qsns : 53:15 Other Points 1:23:30

[@manasarora1440]

Spcl cases 54:00

[@aartikaliraj]

32:15 examples

[@rahulmahajan5658]

1:08:35 103 BC adjustment

[@shruthikrishnamurthy977]

1:18:35 pharma ltd and dormant ltd

[@shashwatsharma7774]

Bhavik choksi , Praveen Sharma, Praveen Jindal sabka video dekha tha maine par samajh mei sirf yaha aaya❤️❤️❤️

[@sagarmadan6615]

Bada vella hai bhai tu..

[@shashwatsharma7774]

Haa bhai main dusro ke comments mei reply section mei hagne ni jata hu naa Teri tarah😂

[@sagarmadan6615]

@@shashwatsharma7774 haggta to tu hai har video me jake .. bs vahi kr tu

[@jeevankumar7467]

Bhai no doubt sir ne achha samjhaya hai But Legends ki aise burai mat karo Tumhe bhi pta hai parveen sharma kitna bada naam hai

[@kartikgupta_1008]

Zindagi m kisika smjhaya hua dta dtl ni aaya Aaj agaya. Jai ho bhai

[@jhanwar4382]

27:30 Memory technique to identify DTA and DTL

[@narainjethani2895]

Thank U so much for this Time pin. ☺️☺️ And Thank U So much Sir for all the revision lecs..Grateful to U..Radhe Rahde☺️☺️☺️

[@jajalamanish8621]

The explanation and your hand written notes are enough to understand IND. Just can’t express my gratitude for your efforts and assistance. Just by referring to your notes, all the sums can be solved easily! Credit goes for ur efforts.

[@rajpanchal6863]

1:01:00- share based payment

[@shubhamkulshrestha2524]

Mujhe smjh n aya ye asset kyu assume kr rhe h

[@Mystic_force]

Current tax - 16:12 Deferred Tax- 18:48 Taxable temporary difference -24:36 & 27:02 Deductibe temporary difference -25:44 51:36 - Tax rate DTA/ DTL in business combination -1:08:31 1:18:20 - Pharma ltd ques

[@mohitkothari2814]

Helper of the last resort ❣️ Great mentor providing with the bird eyes view of every concept with clarity ✌️Technique of DTA/DTL is awesome and it's residing in veins which i found very difficult in identifying. I pour my heart out to thank you for a guidance and mentorship ✌️

[@jigneshm37]

1:19:50 Pharma ltd adjustment 1:25:00 No Profit in future 1:31:05 Disclosure

[@krushna2311]

National award milna chahiye .. aap dono bhai o ko .. Desh ki seva kar rahe he😊

[@SPACforeverlearner]

09:30 Rationale for DTL/DTA 19:30 why B/s appr 51:03 why future tax rate(* announced before DOR aka Substantively Enacted Tax rate) 55:00 D.Tax cal. in special cases

[@nikitavarshney3211]

Classs ko bich m stop krk subh k 3:30 bje ..m apko dilll s Thank You so much khna chahti hun..Kuch tym phle i have a fearr ki "FR" k itttaaa huge syllaabusss m kse revise krungiiii or itttiii bdddi bdddi classeess li jisk kuch smjh n ayaaaa.. usko smjhn bhiii tha fir sssss😞. Bt nowwww Dhere Dhere confidence ara h.. and I can say "Kar Har maidan Fatehhh" And willl gettt gooddd marksss in "FR"😀😊

[@shanuagrawal545]

Detailed but to the point. This is the quality of Agarwal brothers🙌🙌🙌🙌🙌

[@rohtashbaghel7244]

सबसे ज्यादा खुशी का पल , वो है जब आपका नोटिफिकेशन आता है।

[@rahulyp837]

Waah

[@d.v3231]

Income tax accounting Tax expense - IT expense recorded as per this indas Defferent tax(DTE) & current tax expense(CTE) CTE- actual IT payable to govt. DTE- IT saving due to the TEMPORARY difference in CARRING AMOUNT(amount as per INDAS Principle) & TAX BASE (amount of asset as per IT act provisions) 🎉 CURRENT TAX ACCOUNTING- tax payable in next 12 MONTH Journal entry 1) to recognise CTE CTE (P&L/OCI#) AC dr To Provision for current tax (liability) 2) To recognise Advance tax PAID Advance Tax (asset) Ac dr To bank ac # Tax on item related to p&l recorded in p&l and same foe for OCI 🎉 DEFERED TAX ACCOUNTING Use balance sheet approach as per INDAS 12 To calculate DTA & DTL 😊 calculation of DTA & DTL DTA DTA AC dr To DTE(p&l /OCI) To reverse DTA in future Reverse above entry DTE Same as above concept 😊Steps to calculate DTA /DTL 53:00 1. Get CA of A&L 2. Get Tax base of A & L as per IT ACT 3. Calculate Temporary taxable difference 4.calculate DTA /DTL ON TTD 5. PASS JE(IF asked)

[@iamme4531]

sir. im from pakistan. boht decent way mai smjhaya appny. boht boht shukria.mera ye CA inter ka qualifying attempt hay ab final ki reporting b app k lectures dekh k krun ga.

[@SnowwMaan]

Tere waha toh jyada Deferred Tax Liabilities hi create hoti hongi?

[@shrutijain3080]

I just thought let's start indas12 & got this notification 😀

[@vaidyanatheaswaran4252]

Bohot sare videos dekhe h half samaj aata tha par jo clarity vo example se mili h na bohot sahi

[@raunaqlal]

Asset main aggar tax base zyada toh DTA banana & vice versa Liability main aggar tax base zyada toh DTL banana & vice versa

[@prabhjotsingh-hz1fe]

आपने बहुत बेहतर तरीके से सभी चीज़ो को समझाया आपका बहुत बहुत धन्यवाद् और आभार 🙏

[@yashjindal3727]

Bhaiya please update the Business Combination revision Lecture Videos. Eagerly Waiting🙏🙏🙏 Thanks in advance

[@AtulAgarwal]

Aane wala hai

[@saivenkatnagarala]

Best thing is he summarises questions also in theory as a pointers and it saves ur time by skipping those questions & helping in LDR

[@harishr6685]

Where is Atul sir ... Want to see his vedios

[@nitindubey4534]

Wow, what an incredible breakdown of IND AS-12...!!! Your video has really strengthened my understanding of the concept. Thank you for explaining it so clearly and comprehensively. I feel much more confident about this topic now. Keep up the fantastic work....!!! Radhe Radhe...!!!

[@bittuchouhan3790]

Thanks a lot for the video....I used to confuse between DTA nd DTL but after watching this it is very easy to understand these terms ❤️

[@priyankmaheshwari2633]

Good evening sir. I want to ask what about FTA , is it important. And why it is not discussed in revision video and no mention in notes

[@HassanSheikh-v5d]

I must say you explain concepts great. I am a CA final student in Pakistan and don't have time to take all lectures because of articleship but after watching your video, I can easily revise all my concepts. Thanks

[@SnowwMaan]

Chalo ab DTL create karo

[@HassanSheikh-v5d]

@@SnowwMaan You replied late..I Already passed my Advanced Reporting subject😃

[@SnowwMaan]

@@HassanSheikh-v5d Congratulations

[@swapnilpatil2977]

53:59 Special cases

[@vaishalipurohit2305]

Sir is it there is any change in FR concept notes as I have notes of may 2022 ?

[@bhagyashribapte517]

upto 54:09 normal provision, after that special cases.

[@legalGuruDeepSinghTomar]

Jai Shri Radhe Radhe , Jai Shri Krishana , Very Nice Explanation Thanks Sir

[@abhishekmeel9999]

Sir MTP part 2 nov 23 mei ek question hai jisme foreign creditor ka amount change hota hai due to exchange rate……uspe deferred tax cal. Hoga kya?

[@devendertanwar2394]

you make things very simple and clear crystal,

[@dhruvsharma9966]

1:19:42 special adj

[@User7xghhdd333]

Sir incorporation expenses 100 ka to uska treatment assets ki tarh hoga ya liability?

[@apurvaagarwal9020]

Share base payment 1:00:43

[@RajshekarIengar]

Thank you so much Sir Radhe Radhe🙏

[@shilpagupta2167]

Sir logically toh revaulation of assets jo hota hai at fair value at time of business combination it is never allowed in income tax so it is a permanant difference. So why deferred tax is created on that?

[@priyamagrawal8976]

Thanku ajay agarwal sir for revision lectures..

[@pawanthakur-df2yk]

44:00, 46:00, 54:00, 1:04:00- Permanent differences, 1:19:50-Pharma ltd

[@nikmishra1027]

Sir I am ACCA student but referred to lectures for concept clearing, so please come in the field of ACCA also because there are no teacher like you who explains like this.

[@siddhishrivastav6097]

Self notes: Basics 00:00 Refer notes **For Current Tax : Current Tax Rate **For DTA/DTL : Future Tax Rate Special cases : 53:59 Revise again from video 1:09:08 Business combination - Deferred tax for goodwill **Goodwill already in Balance sheet of Acquiree - DTA/ DTL created (Pharma Ltd) **Goodwill arising on Business Acquisition - No DTA/ DTL

[@travelwithca_tyagi]

Sir notes kaha se milenge ye waale jaha se aapne padaya hai ???

[@shubhamjain7508]

Bhaiya please provide for CFS...much needed 🙏🙏🙏

[@AtulAgarwal]

Aane wala hai

[@bhinigupta1720]

Hare Krishna ❤️🌈🙏

[@SurajGupta-yu6xy]

Sir kindly upload a revision vdo for other small IND AS These videos really help me alot Thank You so much Sir

[@jhanwar4382]

bhaiya updated FR ka notes kab tak aya ga site pa

[@AtulAgarwal]

Next week

[@payalchhangani9124]

Can't thank you in only words.! I am so much relieved from FR by watching your Revision Videos and refering your Notes✌️ Thank you 😊

[@gunjanvijay5989]

FOR NEXT REVISION +Notes Tax Expense 1:13 to 3:30 Memory technique 27:16 DTL/DTA calculated is closing balance : 48:55 Deferred tax in special cases 54:10 to1:08:34 Special point 1:19:01 to1:20:25 other Points: 1:23:30 to 1:37:56

[@akashjha4746]

1:23:00 Prudence concept

[@v.praveenkumar7842]

00:24:00 TAXABLE TEMPORARY DIFFERENCE

[@PankajSahu-zd4xn]

Radhe radhe shyam se milade 🙏🙏🚩🚩🙏🙏

[@parasrathod1937]

Thank you sir!

[@tejaswadher]

Thank you sir...Radhe Radhe

[@ishitajain8428]

Please upload business combination and CFS

[@the_abhisharma]

dhanewad sir radhe radhe jai shree khatu shyamji💛

[@caajitmishra9590]

The way you explained the each concept is amazing.❤

[@decko5631]

27:30 Memory technique to identify DTA and DTL (V IMP FOR YOU)

[@chadarrohit97]

Thank you so much Ajay sir for your amazing FR revision lectures, marathons, ABC analysis, Important questions list and thorough guidance. I'm a CA now in May 24 attempt. Aspirants who are watching this: I'd highly recommend Ajay sir as a Go To for FR! All the best!

[@gauravtomer9405]

For my personal reference.......27:30 to understand when DTA/DTL is created

[@swatii7878]

1:18:45 imp

[@priyankpatel9446]

Jay Dwarikadhish !

[@aishwaryakulkarni9481]

Your explanation style is very simple and genuine! helped to understand the concept easily. thank you so much!

[@RSSthoughts]

Thank you 😊 Radhe Radhe 🙏

[@AnuragJain-u9w]

Thank you sir kab se samjhne ki koshish thi aaj aa hi gya smjh dta dtl

[@siva2samba]

Sir when idt qb will be released so that we plan our preparation accordingly .. please reply

[@yuktigupta4711]

The way you explained concepts is just awesome 👍

[@GauravvDubey]

1:30:04 logic for 2nd priority

[@artikesharwani1730]

Thanks a lot sir

[@TheMoonLitGirl]

54:20 special

[@CrispyTower]

Thank you sir

[@manujchandani1747]

1:25:00 Other points 1:08:30 Business combination point

[@nadiyasheikh]

Thanku sir dil se... bhot achcha padhate h aap

[@sanjusreeroy9378]

wow!!!...maan gaye sir!! just wow...i have taken classes of a "maybe famous" sir, he gave just an illogical explanation for why we dont have to create DTA/DTL on Investment in subsidiary. the explanation you have given that is much more logical and precise. i have started to become much more confident in FR than before. Thank you so much.

[@aviralgupta1166]

Best

[@pratik6342]

1:18:13 DTA/DTL Adjustment..Extra Vs Total

[@arbblr]

My Ind AS 12 is sorted thank you sir!

[@rahul.bhojwani]

Thank u sir...these revision videos are really helpful ❤️

[@AmitGupta76762]

Thank you sir for the revision lecture. It really helped a lot.

[@prabhunani5750]

Very helpful. Thank you so much for your efforts for detailed explanation.

[@AnishKumar-tw6xl]

Sir can u pls do class in English... It will help south indian students also.... I heard about your class... I listened to hindi class but i didn't understand......

[@AmitSingla-me1rc]

Special cases : 54:00

[@rishabsuvarna1878]

Conditions to recognise DTA 1:23:35

[@tusharmodi7655]

Salute to you sir!!❤❤

[@thrisankkoganti]

Thank You Sir

[@vishalsinghchundawat3264]

Liability mein liability (DTL) agar tax base jyada Asset mein asset (DTA) agar tax base jyada Vice versa

[@ritikjain9104]

Sir plz upload the new concept notes of FR

[@bikaspandit8192]

Love you sir now i m very much confident to cop up with sums only because of your this great detailed revision lots of love 🥰🥰🙏🙏

[@naveenkumargautam4834]

Thanks

[@The_Rajat_Solanki]

Best explanation on ind as 12... No one else can do it except you sirrr

[@kartikmahajan2683]

Thank you so much sir your vedios are really helpful . Sir when will you upload vedios of Indas 21 ,33 and 19

[@RadheRadhe-ie8en]

Thank you so much sir for your efforts for us Radhe Radhe ❤❤🙏🙏

[@GaganSharma-j7o]

Jai Shree Ram

[@ursmanoj.9579]

Special cases 54:00

[@madhuridholakiya9274]

Hello sir Tyvm. How many IndAs u will cover?

[@AASHISHKumar-oj6xx]

54:00 special cases

[@ruturajsutar1448]

1:18:16 IMP note on DTA/DTL in business combination

[@MM-jx7rl]

Thankyou so much sir!🙏

[@kishu4601]

LDR start from 53:15

[@ok-kb1wo]

Interest is taxable on accrude basis as per icds

[@HarshGupta-ew8dx]

1:29:27 logic of lower of dtd and ttd