Atul Ltd 2018-19

Note 28.5 Current and deferred tax (continued) b) Income tax expense recognised in the Statement of other comprehensive income: ( ` cr) Particulars 2018-19 2017-18 i) Current tax ¤ĚŞĚîƙƭƑĚŞĚŠƥ ijîĿŠ ʈ ȳŕūƙƙȴ ūŠ ēĚǛŠĚē ċĚŠĚǛƥ ƎŕîŠƙ (0.13) 0.95 Total current tax expense (0.13) 0.95 ii) Deferred tax Fair value equity investment 11.00 - /ljljĚČƥĿDŽĚ ƎūƑƥĿūŠ ūlj ijîĿŠ ʈ ȳŕūƙƙȴ ūŠ Čîƙĺ ǜūDž ĺĚēijĚƙ ǦȦǪǩ 0.02 ¹ūƥîŕ ēĚljĚƑƑĚē ƥîNJ ĚNJƎĚŠƙĚ ʈ ȳċĚŠĚǛƥ ȴ 11.43 0.02 Income tax expense 11.30 0.97 c) The reconciliation between the statutory income tax rate applicable to the Company and the effective income tax rate of the Company is as follows: Particulars 2018-19 2017-18 a) Statutory income tax rate ǩǪȦǯǪɼ ǩǪȦǬǧɼ b) Differences due to: i) Non-deductible expenses 0.27% 0.35% ii) Exempt income ȳǦȦǪǦɼȴ ȳǧȦǪǬɼȴ iii) Income tax incentives (0.61%) ȳǦȦǮǪɼȴ iv) Others 0.05% (0.75%) Effective income tax rate 34.25% 31.91% ¹ĺĚ îƎƎŕĿČîċŕĚ ƙƥîƥƭƥūƑNj ĿŠČūŞĚ ƥîNJ ƑîƥĚ ljūƑ ƥĺĚ NjĚîƑ ĚŠēĚē qîƑČĺ ǩǧȡ ǨǦǧǯ îŠē qîƑČĺ ǩǧȡ ǨǦǧǮ Ŀƙ ǩǪȦǯǪɼ îŠē ǩǪȦǬǧɼȡ ƑĚƙƎĚČƥĿDŽĚŕNjȦ ¹ĺĚ ĿŠČƑĚîƙĚ ĿŠ ƥĺĚ ČūƑƎūƑîƥĚ ƙƥîƥƭƥūƑNj ĿŠČūŞĚ ƥîNJ ƑîƥĚ ƥū ǩǪȦǯǪɼ Ŀƙ ČūŠƙĚƐƭĚŠƥ ƥū ČĺîŠijĚƙ ŞîēĚ ĿŠ ƥĺĚ GĿŠîŠČĚ Act, 2018. d) Current tax assets ( ` cr) Particulars As at March 31, 2019 As at March 31, 2018 Opening balance 0.67 - Add: Taxes paid in advance, net of provision during the year 3.07 0.67 Closing balance 3.74 0.67 e) Current tax liabilities ( ` cr) Particulars As at March 31, 2019 As at March 31, 2018 Opening balance 8.01 1.99 Add: Current tax payable for the year 236.75 102.21 Less: Taxes paid ȳǨǪǪȦǫǮȴ (96.19) Closing balance 0.18 8.01 Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250 156 Atul Ltd | Annual Report 2018-19