| Income taxes |
17.
Income taxes
A.
Loss/ (Profit) for the year before income taxes are as follows:
Schedule of loss before income taxes
| | |
2024 | | |
2025 | | |
2026 | |
| | |
March 31, | |
| | |
2024 | | |
2025 | | |
2026 | |
| Domestic | |
| (273,102 | ) | |
| (347,504 | ) | |
| (468,934 | ) |
| Foreign operations | |
| (56,229 | ) | |
| 358,156 | | |
| 422,684 | |
| Total | |
| (329,331 | ) | |
| 10,652 | | |
| (46,250 | ) |
| Loss/
(Profit) for the year before income taxes | |
| (329,331 | ) | |
| 10,652 | | |
| (46,250 | ) |
B. The
major components of income tax expense for the years ended March 31, 2024, March 31, 2025 and March 31, 2026 are:
Summary of components of income tax expense
| | |
2024 | | |
2025 | | |
2026 | |
| | |
March 31, | |
| | |
2024 | | |
2025 | | |
2026 | |
| Current year | |
| 39,045 | | |
| 11,636 | | |
| 40,765 | |
| Adjustment related to previous year | |
| - | | |
| (9,008 | ) | |
| (954 | ) |
| Current income tax expenses | |
| 39,045 | | |
| 2,628 | | |
| 39,811 | |
| | |
| | | |
| | | |
| | |
| Origination and reversal of temporary differences | |
| (1,871 | ) | |
| (15,477 | ) | |
| (20,043 | ) |
| Deferred tax expense | |
| (1,871 | ) | |
| (15,477 | ) | |
| (20,043 | ) |
| Total income tax expenses/ (benefit) as reported in statement of profit/(loss) | |
| 37,174 | | |
| (12,849 | ) | |
| 19,768 | |
C.
Reconciliation of tax expense and accounting profit multiplied by tax rate of each jurisdiction in which the Group
operates
Reconciliation of tax expense and accounting profit multiplied by tax rate
| | |
2024 | | |
2025 | | |
2026 | |
| | |
March 31, | |
| | |
2024 | | |
2025 | | |
2026 | |
| (Loss)/ Profit for the year | |
| (366,505 | ) | |
| 23,501 | | |
| (66,018 | ) |
| Income tax expense/(reversal) | |
| 37,174 | | |
| (12,849 | ) | |
| 19,768 | |
| (Loss)/ Profit before income taxes* | |
| (329,331 | ) | |
| 10,652 | | |
| (46,250 | ) |
| Expected tax expense at statutory income tax rate# | |
| (165 | ) | |
| 84,863 | | |
| 130,037 | |
| Non-deductible expenses | |
| 17,026 | | |
| 1,138 | | |
| 904 | |
| Utilization of previously unrecognized tax losses | |
| (29,260 | ) | |
| (35,867 | ) | |
| (1,253 | ) |
| Current year losses for which no deferred tax asset was recognized | |
| 83,574 | | |
| (37,497 | ) | |
| (137,480 | ) |
| Change in unrecognized temporary differences | |
| (35,638 | ) | |
| (11,639 | ) | |
| 19,505 | |
| Effect of change in tax rate | |
| - | | |
| (5,726 | ) | |
| - | |
| Others | |
| 1,637 | | |
| (8,121 | ) | |
| 8,055 | |
| Total income tax expense | |
| 37,174 | | |
| (12,849 | ) | |
| 19,768 | |
| * | | Refer to Note A
above for breakup of loss before tax into domestic (Parent Company) and foreign operations (subsidiaries). |
| # | | The domicile of
the Parent Company is Cayman Islands. The Group’s
two major tax jurisdictions are India and Singapore with tax rates ranging between 25.17% to 26.00% (March 31, 2025: 25.17% to 26.00% and March 31, 2024: 25.17% to 26.00%) in India and 17% (March 31, 2025: 17% and March 31, 2024: 17%) in Singapore, that have been applied
to profit/(loss) of the respective jurisdiction for determination of expected tax expense. |
Yatra
Online, Inc.
Notes
to the consolidated financial statements
(Amount
in INR thousands, except per share data and number of shares)
|