annual-report-FY2021

323 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 f) Unused Tax losses - Capital in nature Rupees crores Particulars 2021 2020 Expiry period Up to five years................................................................................................................................................ 2.76 2.76 No expiry date.................................................................................................................................................. — 12.50 Total ................................................................................................................................................................... 2.76 15.26 g) Unused tax credits Rupees crores Particulars 2021 2020 Expiry period Up to five years................................................................................................................................................ — 126.31 More than five years........................................................................................................................................ 15.08 38.67 Total ................................................................................................................................................................... 15.08 164.98 h) Aggregate amount of temporary differences associated with investment in subsidiaries, associates and joint ventures for which deferred tax liability has not been recognised : Particulars 2021 2020 Undistributed earnings.................................................................................................................................... 18,539.86 16,270.91 Movement in deferred tax balances Year ended 31 st March, 2021 Rupees crores Particulars Opening Balance Recognised in Profit or Loss Recognised in equity for Ind AS 116 Recognised in OCI Recognised in Business combination/ Disposal of subsidiaries Foreign exchange translation differences Closing Balance Tax effect of items resulting in taxable temporary differences Fiscal allowances on property, plant and equipment and intangible assets......... 2,353.87 (101.37) — — (10.26) (8.48) 2,233.76 Undistributed profit of associate......... 20.47 31.21 — (20.96) — — 30.72 Others..................................................... 73.28 35.16 — (1.26) — (0.40) 106.78 2,447.62 (35.00) — (22.22) (10.26) (8.88) 2,371.26 Tax effect of items resulting in deductible temporary differences Provision for employee benefits.......... 314.05 (8.01) — 23.32 (0.65) (0.63) 328.08 Allowances for expected credit loss.... 781.54 460.28 — 24.51 (9.96) (0.02) 1,256.35 Carried forward tax losses.................... 412.72 29.53 — — (3.51) (2.16) 436.58 MAT credit. ............................................ 50.47 (12.54) — — (5.59) — 32.34 Unrealised gain on inter-company transactions (net)................................... 138.36 (15.44) — — — — 122.92 Others..................................................... 529.12 (119.74) — (1.94) 9.93 0.78 418.15 2,226.26 334.08 — 45.89 (9.78) (2.03) 2,594.42 Net Deferred Tax Asset/(Liabilities)........ (221.36) 369.08 — 68.11 0.48 6.85 223.16 11. Current Tax and Deferred Tax (contd.)