Company Overview Financial Statements Notice Statutory Reports 65 Rudolf Atul Chemicals Ltd | Annual Report 2021-22 d) Current tax assets (` lakhs) Particulars 2021-22 2020-21 Opening balance 65.50 50.63 Add: Taxes paid 539.18 494.61 Less: Current tax payable for the year (538.40) (479.74) Closing balance 66.28 65.50 e) Current tax liabilities (` lakhs) Particulars 2021-22 2020-21 Opening balance 1.22 1.22 Add: Current tax payable for the year - - Less: Taxes paid (1.22) - Closing balance - 1.22 f) Deferred tax assets (net) The balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): Particulars As at March 31, 2022 Charged | (Credited) to profit or loss As at March 31, 2021 Charged | (Credited) to profit or loss As at March 31, 2020 Property, plant and equipment 22.02 2.59 19.43 3.05 16.38 Total deferred tax liabilities 22.02 2.59 19.43 3.05 16.38 Provision for doubtful debts 7.05 - 7.05 - 7.05 Expenses disallowed under Section 40 (a) of the Income Tax Act, 1961 5.83 4.41 1.42 (2.92) 4.34 Provision for custom duty - (1.67) 1.67 1.67 - Finance lease transaction 5.99 0.36 5.63 0.55 5.08 Compensated absences 11.49 2.15 9.33 2.71 6.62 Provision for provident fund 1.20 - 1.20 (0.43) 1.63 Provision for inventory 8.81 (0.01) 8.82 (0.13) 8.95 Total deferred tax assets 40.37 5.24 35.12 1.45 33.67 Net deferred tax (assets) | liabilities (18.35) (2.65) (15.69) 1.60 (17.29)
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