in a Dynamic Environment - Domain-b

2009 2008(Rs. in crores)(Rs. in crores)Interest IncomeTata Realty And Infrastructure Limited 10.16 -Remuneration to Key Management PersonnelS. Ramadorai 4.10 3.37S. Mahalingam 1.70 2.31N. Chandrasekaran 1.92 1.41Phiroz Vandrevala 1.41 1.00S. Padmanabhan (ceased to be an Executive Directorw.e.f 06.02.2008) - 0.9217) Contingent LiabilitiesParticulars As at As atMarch 31, 2009 March 31, 2008(Rs. in crores)(Rs. in crores)Claims against the Group not acknowledged as debt(See note (i) below) 65.17 117.41Income Taxes (See note (ii) below) 490.14 5.63Indirect Taxes 40.42 25.87Guarantees given by the Group(See note (iii) below) 2019.34 2091.86Unexpired Letters of Credit 54.63 29.28Other Contingencies 8.88 2.96Notes:i) The Company is contesting claims made by lessors for properties leased under tenancy agreements in the courts.In respect of these claims, a provision has been held for Rs. 67.58 crores (March 31, 2008: Rs. 11.83 crores) andRs. 32.90 crores (March 31, 2008: Rs. 81.54 crores) have been included above under the head “Claims against theCompany not acknowledged as debt”.ii) Income tax matters includes Rs. 220.72 crores in respect of TCS e-Serve Limited (formerly known as Citigroup GlobalServices Limited (CGSL)), a business process outsourcing services provider in the Banking and Financial Servicessector in which the Company acquired 96.26 percent stake during the year. TCS e-Serve Limited has also paidadvance taxes aggregating Rs. 162.27 crores against the disputed amounts for the relevant assessment years. TheCompany is entitled to an indemnification of the above referred contingent claims on TCS e-Serve Limited from theseller and would be required to pay amounts equal to amounts refunded to TCS e-Serve Limited on those claims asan adjustment to the purchase price consideration.iii) The Group has provided guarantees aggregating to Rs. 1833.80 crores (GBP 252.50 million) (March 31, 2008:Rs. 2006.93 crores, GBP 252.50 million) to third parties on behalf of its subsidiary Diligenta Limited.iv)The Group has examined the social security and tax aspects of contracts with legal entities which provide services toan overseas subsidiary and, based on legal opinion, concludes that the subsidiary is in compliance with the relatedstatutory requirements.185