Statement of Assets and Liabilities for last Five Years and Latest ...

Annexure - XStatement of Tax Shelter::( in Lacs)Particulars 2011-12 2010-11 2009-10 2008-09 2007-08Profit before Tax (A) 101,388.29 89,938.38 78,828.57 65,768.73 63,834.85(before provision for interest u/s 234 B & C)Tax Rate 32.445% 33.2175% 33.990% 33.990% 33.990%Tax on actual rate on Profits 32,895.43 29,875.28 26,793.83 22,354.79 21,697.47Adjustments::Permanent Differences::Donations 0.60 0.60 0.65 0.75 -Profit(-) / Loss(+) on Disposal of Fixed Assets 1.49 0.81 (0.17) 0.61 -Dividend Income (13.18) (10.20) (7.54) (7.32) (64.47)Prior Period Adjustment 18.81 - - - -Amount actaully paid / Funded to LIC against the liabilityon account of Gratuity & Leave Encashment- - (43.40) (0.45) (1.38)Total Permanent Differences (B) 7.73 (8.79) (50.46) (6.41) (65.85)Timing DifferencesDifference between BookDepreciation and Tax depreciation (237,601.43) (187,326.06) (124,993.60) (75,738.80) (41,505.13)Provision for Gratuity, Leave Encashment & Leave TravelAssistance1.27 2.60 - 16.94 13.59Provision for CSR Expenses 300.00 - - - -Amortisation on account of Misc. Exp u/s 35 D (5.00) (5.00) (5.00) (5.00) -Total Timing Differences (C) (237,305.16) (187,328.46) (124,998.60) (75,726.86) (41,491.54)Taxable Income (A)+(B)+(C) (135,909.14) (97,398.86) (46,220.49) (9,964.54) 22,277.45Unabsorbed Depreciation for previous Year Set off - - - - 22,277.45Tax Liability under Normal Assessment - - - - -Unabsorbed Depreciation Carried Forward 980,048.29 844,139.15 746,740.28 700,519.78 690,555.25Taxable Income as per MAT 101,375.11 89,928.18 78,821.03 65,754.59 63,764.93(Profit Before Tax-Fringe Benefit Tax-Dividend Income)Income Tax as per MAT 20,282.88 17,923.14 13,395.75 7,500.00 7,225.21Interest u/s 234 (b) & (c) 80.64 103.87 116.75 - 1.79Tax Liability under MAT 20,363.52 18,027.01 13,512.50 7,500.00 7,227.00