163 b) The reconciliation between the statutory income tax rate applicable to the Group and the effective income tax rate of the Group is as follows Particulars 2022-23 2021-22 a) Statutory income tax rate 25.17% 25.17% b) Differences due to: i) Non-deductible expenses 12.50% 4.48% ii) Income taxed at lower rate (0.42)% (4.08)% iii) Tax adjustment of earlier years 6.37% (0.45)% iv) Others (46.28)% 6.38% Effective income tax rate (2.66)% 31.50% c) Income tax assets (net) (` lakhs) Particulars As at March 31, 2023 As at March 31, 2022 Opening balance (281.17) 77.21 Taxes paid in advance 81.07 (265.89) Current tax provision (60.84) (92.49) Transfer to provision 296.96 - Closing balance 36.02 (281.17) 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, 2023 (Charged) | Credited to profit or loss | OCI | equity As at March 31, 2022 (Charged) | Credited to profit or loss | OCI | equity As at March 31, 2021 Property, plant and equipment 109.80 10.20 99.60 16.38 83.22 Financial liabilities at amortised cost (0.03) (6.95) 6.92 (12.97) 19.89 Others (61.91) (21.83) (40.08) (38.56) (1.52) Provision for leave encashment (2.06) (0.45) (1.61) (1.06) (0.55) Unrealised gain | (loss) on mutual funds - - - (5.26) 5.26 Net deferred tax liabilities | (assets) 45.80 (19.03) 64.83 (41.47) 106.30 Note 26.4 Current and deferred tax (continued)
RkJQdWJsaXNoZXIy MjA2MDI2