Explain deferred tax asset?
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Answer / Yogesh Pratap
A Deferred Tax Asset (DTA) is a liability or asset that arises due to temporary differences between the financial reporting and taxation of an entity. When an entity recognizes expenses or assets for financial reporting purposes, but not for tax purposes, it results in a deferred tax asset. This means that a tax benefit will be realized in future years when the temporary difference is reversed.
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