Page 264 - Index

Standalone
Disclosure in relation to Undisclosed Income
The Company does not have any such transactions which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as,
search or survey or any other relevant provisions of the Income Tax Act, 1961).
Deferred tax
The tax effect of significant temporary differences that resulted in deferred income tax assets and liabilities are
as follows:
As at December 31, 2024
Particulars Opening
balance
Recognised in
profit and loss
(expense)/ credit
Recognised in OCI
(expense)/ credit
(C lakh)
Closing
balance
Deferred tax liability on:
Gains from other investments 534 - (216) 318
Gains from mutual funds 431 537 - 968
Gains / losses on forward contracts 4 - (221) (217)
Gross deferred tax liability 969 537 (437) 1,069
Discounting on security deposits 14 11 - 25
Provision for compensated absences 1,825 295 - 2,120
Provision for bonus and commission 2,074 (777) - 1,297
40A(ia) of the Income Tax Act, 1961 and other items 67 16 - 83
Deferred tax asset on:
1,374 304 - 1,678
Provision for gratuity 1,057 (40) 165 1,182
Provision for doubtful trade receivables 164 60 - 224
Property, plant and equipment and other intangible
assets
Lease liability and right of use assets 109 (161) - (52)
Gross deferred tax asset 6,684 (292) 165 6,557
Net deferred tax asset 5,715 (829) 602 5,488
As at December 31, 2023
Particulars Opening
balance
Recognised in
profit and loss
(expense)/ credit
Recognised in OCI
(expense)/ credit
(C lakh)
Closing
balance
Deferred tax liability on:
Gains from other investments 605 - (71) 534
Gains from mutual funds 112 319 - 431
Gains / losses on forward contracts (428) - 432 4
Business combination 5 (5) - -
Gross deferred tax liablity 294 314 361 969
Deferred tax asset on:
Discounting on security deposits 14 - - 14
Provision for compensated absences 1,534 291 - 1,825
Provision for bonus and commission 1,509 565 - 2,074
Provision for gratuity 773 255 29 1,057
Provision for doubtful trade receivables 402 (238) - 164
40A(ia) of the Income Tax Act, 1961 and other items 32 35 - 67
Property, plant and equipment and other intangible
assets
1,229 145 - 1,374
Lease liability and right of use assets 255 (146) - 109
Gross deferred tax asset 5,748 907 29 6,684
Net deferred tax asset 5,454 593 (332) 5,715
262 Annual Report 2024