Shopper's Stop Limited - Securities and Exchange Board of India

SHOPPERS' STOP LIMITED
ANNEXURE VII : STATEMENT OF TAX SHELTERS
(Rupees in Millions)
For the year ended 31 March
2003 2002 2001 2000 1999
Profit /(Loss) before tax as A
per Audited Accounts
106 2 (230) (83) 25
Tax Rate 36.7
5%
35.70% 39.55% 38.50% 35.00%
Tax at Actual Rate on Profits
Nil Nil 9
Adjustments
Permanent Differences
Dimunition in Value of Investments
Provision for Doubtful Debts
Share issue expenses
Purchases not accounted
Others
Timinig Differences
Depreciation
Deferred revenue expenses
Items covered by Section 43B of the
Income Tax Act
C
Total Net Adjustments
Tax Saving thereon
Profit/(loss) as per Income
Tax
Unabsorbed Losses set-off
Taxable Loss
B
B + C
A-
(B+C)
Tax payable as per Minimum Alternate
Tax
Provision per books
39
192
-
-
-
-
-
-
(43)
(8)
(1)
(52)
(52)
(19)
54
(54)
-
1
1
0
-
-
-
1
(34)
-
3
(31)
(30)
(11)
(28)
-
(28)
-
3
-
-
0
3
(12)
23
4
15
18
7
(212)
-
(212)
-
-
-
-
(1)
(1)
(9)
(24)
3
(30)
(31)
(12)
(114)
-
(114)
Carried forward unabsorbed losses
Notes:
(326) (380) (352) (140) (26)
1 The tax shelter is worked out on the basis of profit/ loss as per audited accounts and is not
based on profits as per the " Summary Statement in Annexure II (a)"
2 The permanent / timing differences have been computed considering the income tax returns
filed by the company.Since the return for the financial year 2003-2004 has not been
prepared, the figure for the financial year 1998-1999 have been presented.
0
-
0
-
-
-
-
-
-
-
-
-
-
-
1
(8)
(0)
(7)
(25)
(20)
1
(44)
(51)
(18)
(26)
-
(26)
3
-
3