183 Corporate Overview Performance Overview Financial Statements Governance Overview Statutory Reports 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 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, 2025 and March 31, 2024, are: a) Income tax expense recognised in the Consolidated Statement of Profit and Loss (` lakh) Particulars 2024-25 2023-24 i) Current tax Current tax on profit for the year 255.71 100.20 Adjustments for current tax of prior periods (0.68) (1.67) Total current tax expense 255.03 98.53 ii) Deferred tax (Decrease) | Increase in deferred tax liabilities 49.13 8.33 Decrease | (Increase) in deferred tax assets 27.78 0.38 Total deferred tax expense 76.91 8.71 Income tax expense 331.94 107.24 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: (` lakh) Particulars 2024-25 2023-24 a) Statutory income tax rate 25.17% 25.17% b) Differences due to: i) Non-deductible expenses 2.63% 5.07% ii) Income taxed at lower rate (0.69%) (0.16%) iii) Tax adjustment of earlier years (0.07%) (0.48%) iv) Others (16.86%) 8.72% Effective income tax rate 10.18% 38.62% Note 28.3 Related party disclosures (continued)
RkJQdWJsaXNoZXIy MjA2MDI2