| NOTES ON ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2009 | |||
| 31st March, 2009 |
|||
| Rs. | |||
| 6.A. | Contingent Liabilities | ||
| a. | Guarantees given — | ||
| i. | to excise authorities | 11,73,223 | |
| ii. | by Banks on behalf of the Parent Company | 45,96,01,210 | |
| b. | Claims against the Parent Company not acknowledged as debts : | ||
| Rates, Taxes, Duties etc. demanded by various Authorities | 1,20,64,70,509 1,24,00,913 |
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| Amount demanded by Provident Fund and Employees' State Insurance Authorities which is subjudice |
|||
| 1,21,88,71,422 | |||
| c. | Rates, Taxes, Duties etc. | 8,91,12,673 | |
| d. | Amount payable in connection with reorganisation of the Parent Company in earlier year |
3,79,65,159 | |
| 6.B. | Capital Commitments [net of advances Rs.1,57,72,08,591] | 2,33,99,29,572 | |
| 7. | The major components of the deferred tax assets and
liabilities accounted for during the year in the manner indicated in Note 1(k) 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 |
1,31,26,88,000 | ||
| b. | Deferred Tax Assets | ||
| i. | Items allowable for tax purpose on payment | 5,09,85,000 | |
| ii. | Others | 2,27,665 | |
| Net Deferred Tax Liability as at the year-end | 1,26,14,75,335 | ||
