MedPlus Health Services Limited (formerly known as MedPlus Health Services Private Limited)

Annexure- VIL
Notes to Restated Consolidated Financial Information
(All amounts are in Rs. in millions except as otherwise stated)

37. Taxes

(a) The major components of income tax expenses for the six months period/year ended September 30, 2021, September 30, 2020, March 31, 2021, March 31, 2020 and March 31, 2019 are:

(i) Profit or loss section

 

For the six months

For the six months

For the year ended

For the year ended

For the year ended

 

 

Particulars jeriod ended yeriod ended

se e Seo a sents $0, 2009 “Mazel 31, 2021 March 31, 2020 March 31, 2019
Current tax?
Current income tax charge 205.21 136.82 303.32 170.03 11904
Interest on income tax 0.45, 215 323 281
Deferred tax
Relating to origination and reversal of temporary differences (33.78) 11.09 13.32 102.81 (10.75)
Total income tax expense recognised in statement of Profit and Loss 171.88 150.06 319.87 275.65 108.29

 

 

(ii) OCI Section

 

For the six months

For the six months

For the year ended

For the year ended

For the year ended

 

 

Particulars period ended period ended

Sefembeon 2m, Séicabersy ang Match ST, 2071 ‘March 31, 2020 March 31, 2019
Deferred tax
Net loss on remeasurement of defined benefit plans (6.86) 04) (2.18) 749 7.28
Tncome tax charged to Other Comprehensive Income 6.86) 3.08) (2.18) 79 728

 

 

(b) Reconciliation of tax expense and the accounting profit multiplied by India’s domestic tax rate for September 30, 2021, September 30, 2020, March 31, 2021, March 31, 2020 and March 31, 2019:

 

For the six months

For the six months

For the year ended

For the year ended

For the year ended

 

 

 

 

 

 

Particulars riod ended riod ended
seftind ended _heriodended, | "March31, 2021 March, 2020, March 1, 2019

‘counting pro Beare ax (A) 5 wa S50 ASD Dai
Enacted tox rate in India (8) 257% 27% 25.47% 25.17% 34.94%
Expected ox expenses (C= AYB) 21029 AD 2934 TAS 7350
Tax fect on non-dedctible expenses (et) 60 a5 748 10022 349
Etfet of profits of etn components axed at ower ates . : . 675)
Defered tax not recognised on losses 400 w612 x29 ous
Defered tx om utilisation of arty forward losses ro) = = :
Others a) aoa 280) aan 04
Total Tax expense 17729 151.21 38.83 160.60 3482
Adjustments in respect of current income tax of previous perod/year (028) (om) 3.28 512
Agjustinens in respect intrest on income tox fr current peod/ year ous 245 323 281 :

Tax impactin OCL 86) 60 as) 749 728
Defersed tax impacto tate charge : : 2803 106,
Total Ts 750.06 3087 26 78.28
‘Tax expense as per Statement of Profit and Loss Account (6) Tri 750.06 31987 TG 709.29

 

 

"The Finance Act, 2021 has introduced an amendment to Section 32 of the Income Tax Act, 1961, whereby goodwill of a business will not be considered as a depreciable asset and depreciation on
goodwill will not be allowed as deductible expenditure effective April 1, 2020, In accordance with the requirements of Ind AS 12 Income Taxes, the Company has recognised one time tax expense for
the year ended March 31, 2021 as the outcome on the difference between Goodwill as per the books of account and its updated tax base of Nil resulting from the aforementioned amendment of Rs.

66.30 Million,

 

(©) The major components of deferred tax (liabilities/assets (net) arising on account of timing differences are as follows:

 

‘As at September 30, 2021

Balance Sheet

Retained earnings

Profit and Loss

oct

Balance Sheet

 

 

 

 

 

 

 

 

March 31, 2021 September 30, 2021
Deferred tax asset (net)
Difference between depreciation on fixed assets as per 66.26 : 728 ts B54
books of accounts and as per Income Tax Act, 1961
Provision for expenses allowed for tax purpose on

: Pe pup 89.92 : oma (6.86) 84.80
payment basis,
Remeasurement benefit of the defined benefit plans
through OCI 2 . . -
Lease liability 196.56 : 2050 - 217.06
Expense claimed for tax purpose on payment basis id - zat - ae
Deferred tax on intercompany eliminations on

x z 5 - 3
consolidation 2620 St 283
Deferred tax benefil/ (expense) i 3378 636)
Deferred tax asset (net) 386.07 53.97
As at September 30, 2020 Balance Sheet Retained earings Profit and Loss 6a Balance Sheet
March 31, 2020 September 30, 2020

Deferred tax asset (net)
Difference between depreciation on fixed assets as per 128.08 : (68.12) 69.96
books of accounts and as per Income Tax Act, 1961
Provision for expenses allowed for tax purpose on 2 -
payment basis 75.27 : 1021 (3.08) 8244
Lease liability 165.92 : 1165 : W757
Expense claimed for tax purpose on payment basis M5 . 335 - 17-60
Deferred tax on intercompany eliminations on 7 5
consolidation saa a sae : RD
Deferred tax benefil/ expense) = (0.09) Goa
Deferred tax asset (net) 01.57 387.47

 

 
