241 Note 30.5 Current and deferred tax (continued) e) Current tax assets (net) (` cr) Particulars As at March 31, 2023 As at March 31, 2022 Opening balance 11.72 6.59 Current tax payable for the year 179.16 213.51 Taxes paid (187.97) (208.38) Closing balance 2.91 11.72 f) Deferred tax liabilities | (assets) The following is the analysis of deferred tax liabilities | (assets) balances presented in the Consolidated Balance Sheet: (` cr) Particulars As at March 31, 2023 As at March 31, 2022 Deferred tax liabilities 133.82 143.60 Deferred tax assets (16.41) (16.47) 117.41 127.13 The balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): (` cr) Particulars As at March 31, 2023 Charged | (Credited) to As at March 31, 2022 Charged | (Credited) to As at March 31, 2021 profit or loss OCI | equity profit or loss OCI | equity Property, plant and equipment 112.02 4.73 - 107.29 0.70 - 106.59 Fair value equity investments (net ) 15.70 - (11.86) 27.56 - 2.64 24.92 Undistributed profit of subsidiary companies 37.47 (1.75) - 39.22 9.57 - 29.65 Foreign currency translation reserves 4.07 - 0.17 3.90 - 0.04 3.86 Unrealised gain on mtutal fund 0.11 (3.62) - 3.73 (0.85) - 4.58 Effective portion of gains | (loss) on cash flow hedges 0.17 - (0.13) 0.30 - 0.13 0.17 Provision for leave encashment (10.91) (1.16) - (9.75) (1.26) - (8.49) Provision for doubtful debts (3.71) (0.50) - (3.21) (0.14) - (3.07) Regulatory and other charges (0.07) 6.26 - (6.33) 0.01 - (6.34) Investment properties (7.79) (0.36) - (7.43) (0.42) - (7.01) Elimination of profits resulting from intragroup transactions (15.89) (2.22) - (13.67) (11.25) - (2.42) Unused tax losses (12.66) (1.32) - (11.34) (4.74) - (6.60) MAT credit entitlement - 0.23 - (0.23) 0.04 - (0.27) Others (1.10) 1.81 - (2.91) (0.22) - (2.69) Net deferred tax liabilities | (assets) 117.41 2.10 (11.82) 127.13 (8.56) 2.81 132.88
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