APR Constructions Limited - Saffron Capital

ANNEXURE-XI
STATEMENT OF TAX SHELTER:
Particulars For the 8
months
Period ended
Year ended 31st March
(Rs. in Lakhs)
30-11-2010 2010 2009 2008 2007 2006
Profit before tax 1336.12 2334.11 1610.33 1576.68 1748.01 907.87
Normal tax rates 33.99% 33.99% 33.99% 33.99% 33.66% 33.66%
Minimum alternative tax rates 19.93% 17.00% 11.33% 11.33% 11.22% 8.42%
Normal tax at normal rates -(A) 454.15 793.37 547.35 535.91 588.38 305.59
Permanent differences
Adjustments during Assessments 0.00 0.00 0.00 0.00 0.00 (25.00)
Other adjustments – disallowances 0.00 0.00 0.00 0.00 0.00 0.00
Share of profit from Joint Ventures 19.15 31.09 24.99 12.22 0.00 0.00
Total- ( B ) 19.15 31.09 24.99 12.22 0.00 (25.00)
Timing differences
Difference between tax depreciation and (40.17) 32.13 171.32 63.33 83.27 69.19
book depreciation
Capital gains on sale of assets 0.00 (0.80) 0.00 0.00 632.27 0.00
Provision for gratuity & Leave
(8.34) (1.06) (12.95) (1.55) (1.62) (1.60)
Encashment
Difference due to section 43B 0.00 0.00 0.00 0.00 0.00 0.00
Other adjustments (17.29) (27.85) 0.00 (0.41) (634.87) (0.64)
Total- ( C ) (65.80) 2.42 158.37 61.37 79.05 66.95
Net adjustments - ( B+C ) (46.65) 33.51 183.36 73.59 79.05 41.95
Tax savings thereon -(D) (15.86) 11.39 62.32 25.01 26.61 14.12
Total taxation (E = A+D) 470.01 781.98 485.03 510.90 561.77 291.47
Add: Interest under IT Act 6.75 6.48 32.65 11.13
Brought forward losses set off (Dptn) 0.00 0.00 0.00 0.00 0.00 0.00
Tax effect on the above (F) 0.00 0.00 0.00 0.00 0.00 0.00
Net tax for the year / period (E-F) 470.01 781.98 491.78 517.38 594.42 302.60
Tax payable as per MAT 266.30 396.68 182.45 178.64 196.13 76.40
Tax expense recognized 470.01 781.98 491.78 517.38 594.42 302.60
Tax as per return of income 470.01 775.92 491.43 523.63 594.39 304.42
Note:
The statement of tax shelter has been prepared based on the Return of income filed by the company with the income
Income Tax Authorities / Assessment orders.
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