Page 139 - KRCL ENglish

Sr. No.
Emphasis
of Matter Statutory Auditor's Remarks Management Reply
Para:

( L I C ) i n t h e G r o u p L e a v e
Encashment Scheme, including
life assurance benet. The same
need to be evaluated as per Norms
a n d G u i d e l i n e s i n c l u d i n g
disclosure and considering it as
unfunded, Refer Note No. 36.6 (C)
of the standalone nancial
statements for disclosure of
Employee benets as per Ind AS
19.

J) We draw attention to Note No. 47 of Factually correct
t h e s t a n d a l o n e  n a n c i a l
statements related to Taxes on
Income whereby, considering the
huge accumulated losses and
current trend of income, the
management is of the view that the
future taxable prot shall not be
sufcient to recoup/recover the
carried forward unabsorbed
losses & unabsorbed depreciation
in future. In view of this, Provision
for Income Tax on taxable income
earned during current nancial
year and deferred tax asset related
to carried forward unabsorbed
losses & unabsorbed depreciation
have not been created by the
company.

We draw attention to Note No. 47 of The amount of ineligible Input Tax
K)
t h e s t a n d a l o n e  n a n c i a l Credit due to mismatch of ITC
statements that the amount of claimed with Credit reected in
ineligible Input Tax Credit (ITC) of Form 2A of GST portal for the

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