Company Overview Financial Statements Notice Statutory Reports 63 Rudolf Atul Chemicals Ltd | Annual Report 2020-21 b) Income tax expenses recognised in the statement of other comprehensive income (` lakhs) Particulars 2020-21 2019-20 i) Current tax Remeasurement gain | (loss) on defined benefit plans (2.04) 0.32 Total current tax expense (2.04) 0.32 Income tax expense (2.04) 0.32 c) The reconciliation between the statutory income tax rate applicable to the Company and the effective income tax rate of the Company is as follows: Particulars 2020-21 2019-20 a) Statutory income tax rate 25.17% 25.17% b) Differences due to: i) Expenses not deductible for tax purposes 0.46% 0.28% ii) Others 0.24% 0.49% Effective income tax rate 25.87% 25.95% d) No aggregate amounts of current and deferred tax have arisen in the reporting periods that have not been recognised in net profit or loss or other comprehensive income, but directly debited | (credited) to equity. e) Current tax assets (` lakhs) Particulars 2020-21 2019-20 Opening balance 50.63 23.34 Add: Taxes paid 494.61 392.22 Less: Current tax payable for the year (479.74) (364.93) Closing balance 65.50 50.63 f) Current tax liabilities (` lakhs) Particulars 2020-21 2019-20 Opening balance 1.22 13.97 Add: Current tax payable for the year - - Less: Taxes paid - 12.75 Closing balance 1.22 1.22
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