IAS-12(1996), AS-22 (2001) and Ind AS-12 (2016) require recognition, measurement and disclosure of deferred tax. Deferred taxes are recorded in the books either in form of deferred tax assets (DTA) or deferred tax liabilities (DTL). Disclosure of DTA and DTL is significant or not, it is checked with special references to materiality concept of accounting. According to materiality concept of accounting, only those transaction and event is recognized separately in the books of accounts which are material and significant. Financial information which is not material and insignificant no need to separately recognized what is significant (material) depends upon several factors like  amount involved, size of business, nature and level of information required, relevance to decision. Whether amount of DTA and DTL should disclose separately with special reference to materiality concept of accounting or not? Here an attempt has been made to evaluate the relevance of DTA and DTL with special reference to materiality concept of accounting. In order to evaluate the DTA and DTL, only one dimension of materiality concept i.e. size of amount is considered. The size of DTA and DTL is determined is terms of % of those to total assets and sales. After analyzing ninety four sample units of different sectors of Indian corporate sector it has been found that the most of sample units having small percentage of DTA/DTL to sales and DTA/DTL to total assets, it means both have no significant impact on profit of company.

Keywords: Deferred Tax Assets, Deferred Tax Liabilities, Materiality Concept of Accounting Theory.