Mahindra & Mahindra Ltd. | Integrated Annual Report 2024-25

Integrated Annual Report 2024-25 384 (d) Amounts on which deferred tax asset has not been created and related expiry period Deferred tax assets have not been recognised in respect of following items, because it is not probable that future taxable profit will be available against which the Group can use the benefit therefrom. Rupees crores Particulars 2025 2024 Deductible temporary differences (no expiry date)......................................................................................................................................... 462.13 450.54 Unused tax losses (revenue in nature)..................................................................................................................................................................... 6,448.45 5,315.99 Unused tax losses (capital in nature)......................................................................................................................................................................... 2,786.65 3,000.98 Total.................................................................................................................................................................................................................................................. 9,697.23 8,767.51 (i) Unused tax losses — revenue in nature Rupees crores Expiry period 2025 2024 Up to five years......................................................................................................................................................................................................................... 1,411.56 1,094.15 More than five years.............................................................................................................................................................................................................. 1,091.13 932.24 No expiry date............................................................................................................................................................................................................................ 3,945.76 3,289.60 Total.................................................................................................................................................................................................................................................. 6,448.45 5,315.99 (ii) Unused tax losses — capital in nature Rupees crores Expiry period 2025 2024 Up to five years......................................................................................................................................................................................................................... 83.46 5.15 More than five years.............................................................................................................................................................................................................. 2,703.19 2,995.83 Total.................................................................................................................................................................................................................................................. 2,786.65 3,000.98 (e) Aggregate amount of temporary differences associated with investment in subsidiaries, associates and joint ventures for which deferred tax liability has not been recognised : Rupees crores Particulars 2025 2024 Undistributed earnings.......................................................................................................................................................................................................... 20,736.16 19,211.83 13. Income taxes (Continued)

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