IND AS 12 Revision | CA Final FR | Income Taxes - Deferred Tax DTA DTL | By CA Ajay Agarwal AIR 1
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- Опубліковано 23 сер 2024
- Topics Coverage:
Ind AS 12 - Income Taxes
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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
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
Spcl cases 54:00
32:15 examples
1:08:35 103 BC adjustment
Bhavik choksi , Praveen Sharma, Praveen Jindal sabka video dekha tha maine par samajh mei sirf yaha aaya❤️❤️❤️
Bada vella hai bhai tu..
Haa bhai main dusro ke comments mei reply section mei hagne ni jata hu naa Teri tarah😂
@@shashwatsharma7774 haggta to tu hai har video me jake .. bs vahi kr tu
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
Zindagi m kisika smjhaya hua dta dtl ni aaya
Aaj agaya.
Jai ho bhai
1:01:00- share based payment
Mujhe smjh n aya ye asset kyu assume kr rhe h
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.
27:30 Memory technique to identify DTA and DTL
Thank U so much for this Time pin. ☺️☺️ And Thank U So much Sir for all the revision lecs..Grateful to U..Radhe Rahde☺️☺️☺️
1:19:50 Pharma ltd adjustment
1:25:00 No Profit in future
1:31:05 Disclosure
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 ✌️
Detailed but to the point. This is the quality of Agarwal brothers🙌🙌🙌🙌🙌
National award milna chahiye .. aap dono bhai o ko .. Desh ki seva kar rahe he😊
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)
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.
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
I just thought let's start indas12 & got this notification 😀
सबसे ज्यादा खुशी का पल , वो है जब आपका नोटिफिकेशन आता है।
Waah
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 ❤️
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"😀😊
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
Bohot sare videos dekhe h half samaj aata tha par jo clarity vo example se mili h na bohot sahi
Best thing is he summarises questions also in theory as a pointers and it saves ur time by skipping those questions & helping in LDR
upto 54:09 normal provision, after that special cases.
44:00, 46:00, 54:00, 1:04:00- Permanent differences, 1:19:50-Pharma ltd
Share base payment 1:00:43
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
Thank you so much Sir
Radhe Radhe🙏
Where is Atul sir ... Want to see his vedios
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
Thank u sir...these revision videos are really helpful ❤️
Bhaiya please update the Business Combination revision Lecture Videos.
Eagerly Waiting🙏🙏🙏
Thanks in advance
Aane wala hai
Your explanation style is very simple and genuine! helped to understand the concept easily. thank you so much!
आपने बहुत बेहतर तरीके से सभी चीज़ो को समझाया
आपका बहुत बहुत धन्यवाद् और आभार 🙏
1:19:42 special adj
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...!!!
Hi sir ,
Thanku so much for these videos
These are very helpful to us for easy revision
The way you explained the each concept is amazing.❤
Sir kindly upload a revision vdo for other small IND AS
These videos really help me alot
Thank You so much Sir
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.
For my personal reference.......27:30 to understand when DTA/DTL is created
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 😊
Thank you sir...Radhe Radhe
Conditions to recognise DTA 1:23:35
Sir notes kaha se milenge ye waale jaha se aapne padaya hai ???
The way you explained concepts is just awesome 👍
53:59 Special cases
Special cases : 54:00
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?
Sir is it there is any change in FR concept notes as I have notes of may 2022 ?
you make things very simple and clear crystal,
LDR start from 53:15
Thank you sir!
1:23:00 Prudence concept
Was waiting since long time thank you very much ..
1:18:45 imp
Thank you sir for the revision lecture. It really helped a lot.
Thank you so much sir
Very helpful. Thank you so much for your efforts for detailed explanation.
bhaiya updated FR ka notes kab tak aya ga site pa
Next week
1:30:04 logic for 2nd priority
1:25:00 Other points
1:08:30 Business combination point
1:18:13 DTA/DTL Adjustment..Extra Vs Total
My Ind AS 12 is sorted thank you sir!
Sir when idt qb will be released so that we plan our preparation accordingly .. please reply
Sir incorporation expenses 100 ka to uska treatment assets ki tarh hoga ya liability?
thank u so much it is very helpful for concept revision😍😍
Bhaiya please provide for CFS...much needed 🙏🙏🙏
Aane wala hai
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.
Special cases 54:00
Please upload business combination and CFS
Thanks a lot sir
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 🥰🥰🙏🙏
VVI 28:00
41:00
1:12:00
1:20:00
Thanku sir dil se... bhot achcha padhate h aap
27:30 Memory technique to identify DTA and DTL (V IMP FOR YOU)
Salute to you sir!!❤❤
Thank You 🙏..... It's worth it....
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?
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!
Amazing lecture thankyou so much !!
Thank you so much sir for your efforts for us Radhe Radhe ❤❤🙏🙏
Thank you 😊
Radhe Radhe 🙏
Thank you sir kab se samjhne ki koshish thi aaj aa hi gya smjh dta dtl
Great Understanding Ajay Bhai 🙂 Thank you
Explained so effectively to form logic and background of accounting.
Thank you Sir!
PS: Few of the other faculties just explained so technical and language based ki kuch samjh nahi aaya cause and effect of the accounting.
Massive respect to your way of delivering the concept.
Salute to you Sir !!
Really very good revision.
Thank you very much
1:18:00 pharma ltd question..
1:18:14 Pharma question imp point
Hello sir
Tyvm.
How many IndAs u will cover?
Special cases- 54:00
Thank you for this wonderful session sir!!!!!
Thank You Sir
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......
Thank you 🙏🙏
Thank You so much Sir!🙏
Radhe Radhe!🙏
Sir plz upload the new concept notes of FR
You are great Sir ...
God of Ca course 🙏🏼
Thankyou so much sir
Radhe radhe shyam se milade 🙏🙏🚩🚩🙏🙏
Best explanation on ind as 12... No one else can do it except you sirrr