158 / 260
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 ȳċĚŠĚǛƥȴ
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