| 31st March, 2008 |
31st March, 2007 |
||||
| Rs. | Rs. | ||||
| 5.A. | Contingent Liabilities | ||||
| a. | Guarantees given — | ||||
| i. | to excise authorities | 11,73,223 | 11,73,223 | ||
| ii. | by Banks on behalf of the Company | 41,03,07,653 | 42,11,35,622 | ||
| b. | Claims against the Company not acknowledged as debts : | ||||
| Rates, Taxes, Duties etc. demanded by various Authorities Amount demanded by Provident Fund and Employees' State Insurance Authorities which is subjudice |
69,91,01,698 1,24,00,913 |
81,73,26,625 1,24,00,913 |
|||
| - | 71,15,02,611 | 82,97,27,538 | |||
| c. | Rates, Taxes, Duties etc. | 7,30,00,000 | 7,30,00,000 | ||
| d. | Amount payable in connection with reorganisation of the Company in earlier year |
3,88,67,739 | 4,55,13,620 | ||
| 5.B. | Capital Commitments [net of advances Rs.1,28,22,00,155 (31.3.07 — Rs.46,34,11,758)] |
4,76,38,88,322 | 2,10,49,16,818 | ||
| 6. | The major components of the deferred tax assets and
liabilities accounted for during the year in the manner indicated in Note 1(j) above are as below : |
||||
| - | Tax effect of timing differences | ||||
| a. | Deferred Tax Liabilities | ||||
| Difference between written down value of block of assets as per Income tax laws and book written down value of the fixed assets |
1,45,17,42,979 | 1,17,12,77,134 | |||
| b. | Deferred Tax Assets | ||||
| i. | Items allowable for tax purpose on payment | 2,39,04,462 | 4,70,17,663 | ||
| ii. | Others | 96,332 | 1,66,592 | ||
| Net Deferred Tax Liability as at the year-end | 1,42,77,42,185 | 1,12,40,92,879 | |||
| Amount adjusted against Securities Premium [after adjustment of Rs. 79,44,535 arising at the commencement of the year on adoption of AS 15 on 'Employee Benefits' referred to in Note 15 A below] |
26,75,89,208 | 5,21,81,759 | |||
| Amount charged to Profit and Loss Account | 2,81,15,563 | -- | |||
| 29,57,04,771 | 5,21,81,759 | ||||
