Note 15

AS 22

Deferred Tax Assets (Net)

General Instructions for Preparation of Statements

Tax asset created on timing differences net of deferred tax liabilities.

Deferred Tax Assets (Net) Workings

Schedule III, Part I — Division I (Section C - asset item) — FY 2025-26

Definition

Tax effects of timing differences between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

Recognition Criteria

Recognized under AS 22. In situations of unabsorbed depreciation or carry forward of losses, deferred tax assets should be recognized only to the extent that there is virtual certainty supported by convincing evidence that sufficient future taxable income will be available against which such deferred tax assets can be realized.

Measurement Principles

Measured using the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.