Company Overview Financial Statements Notice Statutory Reports 69 Rudolf Atul Chemicals Ltd | Annual Report 2023-24 b) Income tax expenses recognised in the statement of other comprehensive income (` lakhs) Particulars 2023-24 2022-23 i) Current tax Remeasurement gain | (loss) on defined benefit plans 1.83 3.49 Total current tax expense 1.83 3.49 Income tax expense 1.83 3.49 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 (` lakhs) Particulars 2023-24 2022-23 a) Statutory income tax rate 25.17% 25.17% b) Differences due to: i) Expenses not deductible for tax purposes 0.48% 13.15% ii) Tax effect due to tax incentive - (11.99%) iii) Others 5.19% (0.36%) Effective income tax rate 30.84% 25.97% d) Current tax assets (` lakhs) Particulars As at March 31, 2024 As at March 31, 2023 Opening balance 37.24 66.28 Add: Taxes paid 831.78 243.94 Less: Current tax payable for the year (852.09) (272.98) Closing balance 16.93 37.24
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