For the year ended 31 March 2023 31 March 2022 (f ) Nature of CSR activities Health and Education support Health and Education support (g) Details of related party transactions Refer note 42 Refer note 42 (h) Movements in the provision during the year Opening provision 7.06 - Add: Amount required to be spent during the year 30.36 29.35 Less: Amount spent during the year* (26.30) (22.29) Closing provision (Refer Note: 1) 11.12 7.06 Note: 1 As the selected projects for CSR spent are long-term in nature, the balance amount of ₹11.12 pertains to the fi nancial year 2022-23 (31 March 2022 : ` 7.06), which will be spent during the fi nancial year 2023-24. In accordance with the provisions of Section 135(6) of the Act, the Company has transferred the unspent amount to a seperate bank account and the unspent amount has been provided in the accompanying fi nancial statements. 31. Income tax expense For the year ended 31 March 2023 31 March 2022 (a) Income tax expense reported in the Statement of Profit and Loss Tax expense comprises of: Current tax expense 227.07 343.01 Deferred tax expense/(benefi t) 7.42 (5.75) 234.49 337.26 The major components of income tax expense and the reconciliation of expected tax expense based on the domestic eff ective tax rate of the Company at 25.168% (31 March 2022: 25.168%) and the reported tax expense in the Standalone Statement of Profi t and Loss is as follows: Reconciliation of tax expense and the accounting profit/(loss) multiplied by India’s tax rate For the year ended 31 March 2023 31 March 2022 Profit before tax 893.38 1,352.60 Expected tax expense at the Indian tax rate 25.168% (31 March 2022: 25.168%) 224.85 340.42 Tax effect of amounts which are not deductible/taxable in calculating taxable income: Eff ect of deductions allowed under Chapter VI-A of the Income Tax Act, 1961 (“IT Act, 1961) (1.21) (4.86) Eff ect of expenses not deductible under the IT Act, 1961 7.64 8.45 Eff ect of income not subject to tax under the IT Act, 1961 (1.07) (1.07) Eff ect of income subject to tax under the IT Act, 1961 2.15 - Others 2.13 (5.68) Income tax expense 234.49 337.26 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) 227 Standalone | Financial Statements
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