| 6. | DEFERRED TAX LIABILITIES (NET) | ||||||
| Rs./crore | |||||||
| 31st March, 2012 | 31st March, 2011 | ||||||
| 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 |
426.51 | 388.15 | |||||
| A | 426.51 | 388.15 | |||||
| Deferred Tax Assets | |||||||
| Business losses | 357.05 | - | |||||
| Items allowable for tax purpose on payment |
1.62 | 1.66 | |||||
| Provision for contingencies | 9.73 | - | |||||
| Others | 0.90 | 0.07 | |||||
| B | 369.30 | 1.73 | |||||
| C (A–B) | 57.21 | 386.42 | |||||
| a. | During the year, the Company has recognised deferred tax assets on business losses to the extent of the deferred tax liability. | ||||||
| b. | Deferred Tax Assets and Deferred Tax Liabilities have been offset as they relate to the same governing taxation law. | ||||||




