Page 268 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

(iii) Unrecognised deferred tax assets
Deferred tax assets have not been recognised in respect of the following items, because it is not probable that future taxable profit
will be available against which the Group can use the benefits therefrom:
` in crore
As at March 31, 2021 As at March 31, 2020
Gross Gross
amount Tax effect amount Tax effect
Deductible temporary differences 2,076.60 387.47 1,237.11 261.23
Unused tax losses 985.03 226.51 962.25 229.87
3,061.63 613.98 2,199.36 491.10
The Unused tax losses amounting to ` 1.50 crore (2020: ` 6.04 crore) for which no deferred tax asset was recognised expires between
FY 2021 - 2029.
The deductible temporary differences and others unused tax losses do not expire under current tax legislation i.e. ` 3,060.13 crore
(2020: ` 2,193.32 crore).

23. Other liabilities
` in crore
As at As at
March 31, 2021 March 31, 2020
Non-current
(a) Deferred income (including government grants) 94.05 56.41
(b) Others 32.17 41.66
126.22 98.07
Current
(a) Statutory dues 135.17 131.79
(b) Advance received from customers 113.63 114.64
(c) Deferred income (including government grants and emission trading allowance) 4.50 60.14
(d) Others 12.09 14.40
265.39 320.97
24. Trade payables
` in crore
As at As at
March 31, 2021 March 31, 2020
(a) Trade payables 1,661.44 1,623.40
(b) Amount due to Micro Small and Medium Enterprises 21.43 7.52
1,682.87 1,630.92

25. Tax assets and liabilities
` in crore
As at As at
March 31, 2021 March 31, 2020
(a) Tax assets
Non-current
(i) Advance tax assets (net) 663.86 699.92
Current
(i) Current tax assets (net) 2.59 137.00
(b) Current tax liabilities (net) 154.93 195.94

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