Amal Ltd 2020-21

Amal Ltd | Annual Report 2020-21 Note 25.4 Current and deferred tax (continued) c) Income tax assets (net) ( ` lakhs ) Particulars As at March 31, 2021 As at March 31, 2020 Opening balance 55.14 24.13 Add: Taxes paid in advance 256.46 416.82 Less: current tax provision 234.38 385.81 Closing balance 77.21 55.14 d) Deferred tax liabilities (net) The balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): ( ` lakhs ) Deferred tax liabilities | (assets) As at March 31, 2021 (Charged) | Credited to profit or loss | OCI | Equity As at March 31, 2020 (Charged) | Credited to profit or loss | OCI | Equity As at March 31, 2019 Property, plant and equipment 83.22 (15.96) 99.18 22.32 76.86 Financial liabilities at amortised cost 19.89 (24.09) 43.98 (56.45) 100.43 Others (1.52) (1.52) - - - Provision for leave encashment (0.55) 0.60 (1.15) (0.18) (0.98) Unrealised gain | (loss) on mutual funds 5.26 6.74 (1.48) (1.48) - Net deferred tax liabilities | (assets) 106.30 (34.23) 140.53 (35.79) 176.31 Includes ` 19.89 impact due to change in tax rate.