Page 323 - NHB AR 2020-21-3 complete- Print (1)
P. 323
33. Fixed Assets
33.1 Registration formalities are in progress in respect of office space situated at India Habitat
Centre, Lodhi Road, New Delhi and residential property situated at Jangpura Extension,
New Delhi having gross value (i.e., acquisition cost) of ` 23.99 crores.
33.2 In respect of the office space acquired at India Habitat Centre (IHC), Lodhi Road, New
Delhi, the exact cost has not been apportioned by IHC among the different allottees. The
tripartite agreement, in this respect, is yet to be executed between Land and Development
Office, Government of India (GOI), IHC and institution concerned (i.e. NHB). As such,
on the basis of payments made to IHC, a sum of ` 14.85 crores had been capitalized by
the Bank in Premises (` 14.44 crores) and Leasehold Land (` 0.41 crores).
31.3 Till FY 2016-17, in the absence of bifurcation of cost of land and premises, the Bank has
charged depreciation on premises.
31.4 Fully depreciated assets still in use are held in the books at Re. 1.
34. Deferred Tax
As on June 30, 2021, the Bank has recorded net deferred tax Asset (DTA) of `111.55
crores. A composition of deferred tax assets and liabilities is given below:
S.No. Particulars June 30, 2020 ` in Lakh
Deferred Tax Assets: June 30, 2021
1 Provision for Medical aid to Retired Staff
2 Provision for Leave Encashment 0.35 0.31
3 Provision for Gratuity 1.95 2.38
4 Provision for Leave Travel Concession 2.09 2.86
5 Provision for NPA 0.55 0.58
6 Defined Contributory Pension Scheme 0.00 487.92
Total Deferred Tax Assets (A) 0.01 0.05
4.95 494.09
Deferred Tax Liabilities: 5.16 5.44
1 Depreciation 343.39 377.10
Special Reserve u/s 36(1)(viii) of Income Tax 348.55 382.25
Act, 1961 (343.60) 111.55
Total Deferred Tax Liabilities (B)
Net Deferred Tax Asset(A-B)
Annual Report 2020-21 | 303
33.1 Registration formalities are in progress in respect of office space situated at India Habitat
Centre, Lodhi Road, New Delhi and residential property situated at Jangpura Extension,
New Delhi having gross value (i.e., acquisition cost) of ` 23.99 crores.
33.2 In respect of the office space acquired at India Habitat Centre (IHC), Lodhi Road, New
Delhi, the exact cost has not been apportioned by IHC among the different allottees. The
tripartite agreement, in this respect, is yet to be executed between Land and Development
Office, Government of India (GOI), IHC and institution concerned (i.e. NHB). As such,
on the basis of payments made to IHC, a sum of ` 14.85 crores had been capitalized by
the Bank in Premises (` 14.44 crores) and Leasehold Land (` 0.41 crores).
31.3 Till FY 2016-17, in the absence of bifurcation of cost of land and premises, the Bank has
charged depreciation on premises.
31.4 Fully depreciated assets still in use are held in the books at Re. 1.
34. Deferred Tax
As on June 30, 2021, the Bank has recorded net deferred tax Asset (DTA) of `111.55
crores. A composition of deferred tax assets and liabilities is given below:
S.No. Particulars June 30, 2020 ` in Lakh
Deferred Tax Assets: June 30, 2021
1 Provision for Medical aid to Retired Staff
2 Provision for Leave Encashment 0.35 0.31
3 Provision for Gratuity 1.95 2.38
4 Provision for Leave Travel Concession 2.09 2.86
5 Provision for NPA 0.55 0.58
6 Defined Contributory Pension Scheme 0.00 487.92
Total Deferred Tax Assets (A) 0.01 0.05
4.95 494.09
Deferred Tax Liabilities: 5.16 5.44
1 Depreciation 343.39 377.10
Special Reserve u/s 36(1)(viii) of Income Tax 348.55 382.25
Act, 1961 (343.60) 111.55
Total Deferred Tax Liabilities (B)
Net Deferred Tax Asset(A-B)
Annual Report 2020-21 | 303
