62 (` lakhs) Outstanding balances as at year end March 31, 2021 March 31, 2020 1 Inter-corporate deposit given 1,050.00 700.00 Atul Bioscience Ltd 1,050.00 700.00 2 Interest accrued but not due on inter-corporate deposit given - 0.01 Atul Bioscience Ltd - 0.01 3 Trade payables 352.33 150.46 Rudolf GmbH 298.54 62.05 Atul Finserv Ltd - 0.21 Rudolf Hub 1922 S.r.l. 53.79 88.16 Atul Club - 0.04 4 Provision for gratuity 9.27 3.59 Rudolf Atul Chemicals Ltd Employees Group Gratuity Assurance Scheme 9.27 3.59 Note 25.3 (D) Transactions with entities over which joint venturer have significant influence 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 All outstanding balances are unsecured and are repayable in cash and cash equivalent. 1Related Party relationship is as identified by the Company on the basis of information available with them and relied upon by the Auditors. Note 25.4 Current and deferred tax The major components of income tax expense are: a) Income tax expenses recognised in the Statement of Profit and Loss (` lakhs) Particulars 2020-21 2019-20 i) Current tax Current tax on profit for the year 479.74 358.80 Adjustments for current tax of prior periods - 6.13 Total current tax expense 479.74 364.93 ii) Deferred tax Decrease | (Increase) in deferred tax assets 1.60 (15.30) Adjustments for deferred tax of prior periods due to change in statutory tax rate - 0.31 Total deferred tax expense | (benefit) 1.60 (14.99) Income tax expense 481.34 349.94
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