175 (` lakhs) Note 28.3 (E) Outstanding balances As at March 31, 2024 As at March 31, 2023 1. Preference shares - - Atul Ltd - - 2. Loan 450.00 500.00 Rudolf Atul Chemicals Ltd 450.00 500.00 3. Receivables 268.05 42.25 Atul Ltd 259.03 42.25 Atul Products Ltd 9.02 - 4. Payables 18.49 80.22 Atul Ltd 16.59 80.22 Atul infotech Ltd 1.90 - Note 28.3 (F) Terms and conditions 1. Sales to and purchases from related parties were made on normal commercial terms and conditions and at prevailing market prices or where the market price is not available, at cost plus margin. 2. Transactions relating to dividends were on the same terms and conditions that applied to other shareholders. 3. All outstanding balances are unsecured and are repayable in cash and cash equivalents. Note 28.4 Current and deferred tax The major components of income tax expense for the years ended March 31, 2024 and March 31, 2023, are: a) Income tax expense recognised in the Consolidated Statement of Profit and Loss (` lakhs) Particulars 2023-24 2022-23 i) Current tax Current tax on profit for the year 100.20 51.96 Adjustments for current tax of prior periods (1.67) 8.88 Total current tax expense 98.53 60.84 ii) Deferred tax (Decrease) | Increase in deferred tax liabilities 8.33 (18.59) Decrease | (Increase) in deferred tax assets 0.38 (0.45) Total deferred tax expense | (benefit) 8.71 (19.04) Income tax expense 107.24 41.80 Note 28.3 Related party disclosures (continued)
RkJQdWJsaXNoZXIy MjA2MDI2