Page 224 - Tata_Chemicals_yearly-reports-2021-22

Integrated Annual Report 2021-22

19. Deferred tax assets and liabilities
` in crore
As at As at
Particulars
March 31, 2022 March 31, 2021
(a) Deferred tax assets (33.66) (61.92)
(b) Deferred tax liabilities 430.64 263.85
Deferred tax liabilities (net) 396.98 201.93
2021-22
` in crore
Recognised in Recognised in
the Statement the Statement Recognised
As at April of Profit of Profit in Other As at March
Particulars
1, 2021 and Loss and Loss Comprehensive 31, 2022
(continuing (discontinued Income
operations) operation)
Deferred tax (assets)/liabilities in relation to:
Allowance for doubtful debts and advances (25.40) 2.13 - - (23.27)
Accrued expenses allowed in the year of payment 44.03 (5.19) - 175.33 214.17
and on fair value of investments
Mark to market gains on mutual funds and 25.30 (8.45) - - 16.85
derivatives
Depreciation and amortisation 194.52 5.10 - - 199.62
Right-of-use and lease liability (8.03) 1.50 - - (6.53)
Expenses disallowed (including other payables) (28.49) 2.01 22.62 - (3.86)
201.93 (2.90) 22.62 175.33 396.98
Deferred tax (assets)/liabilities in relation to: Assets Liabilities Net
Allowance for doubtful debts and advances (23.27) - (23.27)
Accrued expenses allowed in the year of payment - 214.17 214.17
and on fair value of investments
Mark to market gains on mutual funds and - 16.85 16.85
derivatives
Depreciation and amortisation - 199.62 199.62
Right-of-use and lease liability (6.53) - (6.53)
Expenses disallowed (including other payables) (3.86) - (3.86)
- (33.66) 430.64 396.98

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