Statement of Assets and Liabilities for last Five Years and Latest ...
Statement of Assets and Liabilities for last Five Years and Latest ...
Statement of Assets and Liabilities for last Five Years and Latest ...
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Syndicated Foreign Currency Loan‐USD 200 MioSyndicated Foreign Currency Loan‐USD 350 MioSyndicated Foreign Currency Loan‐USD 450 MioSyndicated Foreign Currency Loan‐USD 100 Mio6M USDLIBOR+1.25%6M USDLIBOR+1.34%6M USDLIBOR+2.34%6M USDLIBOR+1.45%23‐Sep‐16 Bullet 105720.00 0.00 105720.0028‐Sep‐15 Bullet 185010.00 0.00 185010.0029‐Sep‐14 Bullet 237870.00 0.00 237870.0025‐Nov‐13 Bullet 52860.00 0.00 52860.00Total 678158.75 0.00 678158.754. Deferred Tax Liability (Net)Major components <strong>of</strong> Net Deferred Tax Liability are as under:Liability on account <strong>of</strong> difference between WDV as perIncome Tax Act, 196 <strong>and</strong> the Companies Act, 1956.As at30‐09‐2012As at31‐03‐2012As at31‐03‐2011As at31‐03‐2010As at31‐03‐2009( in Lakhs)As at31‐03‐2008662915.07 621110.77 544025.78 494754.01 463774.53 438028.08Less: Deferred Tax Asset on account <strong>of</strong> Unabsorbed 339307.14 317972.36 273880.95 248048.45 238105.05 234718.00DepreciationLess: Deferred Tax Asset on account <strong>of</strong> MAT Credit 0.00 0.00 0.00 0.00 0.00 17830.00Less: Deferred Tax Asset on account <strong>of</strong> Provision <strong>for</strong> CSR 98.96 97.34 0.00 0.00 0.00 0.00ExpensesLess: Deferred Tax Asset on Misc. Expenditure to be 0.00 0.00 1.62 3.32 5.10 0.00written <strong>of</strong>fLess: Deferred Tax Asset on Account <strong>of</strong> Employee benefits 0.00 0.00 0.00 0.00 9.15 15.00Net Deferred Tax Liability 323508.97 303041.07 270143.21 246702.23 225655.23 185465.08Pursuant to the clarification issued by the Central Board <strong>of</strong> Direct Taxes (CBDT) vide their circular No. 2 dated 9 th February 2001, the Company,being the legal owner <strong>of</strong> the assets given on financial lease, continues to claim depreciation under the Income Tax Act, by adding back thedepreciation as per the Companies Act, on notional basis, as the leased assets are not capitalized in the books <strong>of</strong> account <strong>of</strong> the Company.Similarly, the WDV <strong>of</strong> assets under the Income Tax Act <strong>and</strong> as worked out as per the Companies Act, is considered <strong>for</strong> providing DTL.MAT Credit is not being recognised on consideration <strong>of</strong> prudence, as the Company does not expect to utilize the same during the period allowedunder the Income Tax Act.
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