Financial Year 2012-13 (27 MB) - The New India Assurance Co. Ltd.

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ue#³e keÀer TB®eer Gæ[eve21. ˆÅ£¸š¸¸›¸• ¨¸«¸Ä ˆ½Å ¢¥¸‡ ‰¸\¸Ä Ÿ¸½¿, ¨¸÷¸ÄŸ¸¸›¸ ˆÅ£, ‚¸¢¬˜¸Š¸÷¸ ˆÅ£ ÷¸˜¸¸ Ÿ¸¸¾]¸»¸ ˆÅ£ ž¸ú ©¸¸¢Ÿ¸¥¸ í¾.• ¨¸÷¸ÄŸ¸¸›¸ ‚¸¡¸ˆÅ£, ž¸¸£÷¸ Ÿ¸½¿ ÷¸˜¸¸ ¢¨¸½©¸ú ‚¢ž¸©¸¸¬¸›¸ Ÿ¸½¿ ‚¸¡¸ œ¸£ ˆÅ£ ©¸¸¢Ÿ¸¥¸ í¾. ž¸¸£÷¸ Ÿ¸½¿ ‚¸¡¸ ˆÅ£ ž¸ºŠ¸÷¸¸›¸ ‚¸¡¸ˆÅ£ ‚¢š¸¢›¸¡¸Ÿ¸1961 ˆ½Å œÏ¸¨¸š¸¸›¸¸½¿ ˆ½Å ‚›¸º¬¸¸£ ¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ¡¸½ Š¸‡ í¾. ¢¨¸½©¸ú ¬¸¿\¸¸¥¸›¸ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ’¾Æ¬¸ ‰¸\¸Ä ‡½¬¸½ ‚¢ž¸¡¸¸›¸¸Ê ¬¸½ ‚¢š¸¨¸¸¢¬¸÷¸ £í½íÿ ]¸í¸¿ ½©¸¸Ê Ÿ¸Ê ¥¸¸Š¸» ˆÅ£ ˆÅ¸›¸»›¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾.• ˆÅ£ ˆÅ¸›¸»›¸¸½¿ ˆ½Å ‚›¸º¬¸¸£ ž¸ºŠ¸÷¸¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ›¡¸»›¸÷¸Ÿ¸ ¨¸¾ˆÅ¢¥œ¸ˆÅ ˆÅ£ (‡Ÿ¸‡’ú) ]¸¸½ ž¸¢¨¸«¡¸ ˆ½Å ‚¸¡¸ ˆÅ£ ½¡¸÷¸¸ ˆ½Å ¬¸Ÿ¸¸¡¸¸½]¸›¸ ˆ½Å³Åœ¸ Ÿ¸½¿, ž¸¢¨¸«¡¸ ˆ½Å ‚¸¢˜¸ÄˆÅ ¥¸¸ž¸ ˆÅ¸½ ¤¸[õ¸¨¸¸ ½Š¸¸. ¡¸¢ ƒ¬¸ ¤¸¸÷¸ ˆ½Å œÏŸ¸¸¢µ¸÷¸ ¬¸¤¸»÷¸ í¾ ¢ˆÅ ˆÅŸœ¸›¸ú ž¸¢¨¸«¡¸ Ÿ¸½¿ ‚¸¡¸ œ¸£ ¬¸¸Ÿ¸¸›¡¸‚¸¡¸ ˆÅ£ ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ ˆÅ£½¿Š¸ú ÷¸¸½ ƒ¬¸ˆÅ¸½ ‡ˆÅ œ¸¢£¬¸Ÿœ¸¢î¸ ¤¸›¸ Š¸¡¸¸ í¾. ƒ¬¸ ¬¸¿ž¸¸¨¸›¸¸ ˆÅ¸½ ½‰¸÷¸½ ¢ˆÅ ›¡¸»›¸÷¸Ÿ¸ ¨¸¾ˆÅ¢¥œ¸ˆÅ ˆÅ£ (‡Ÿ¸‡’ú)¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ž¸¢¨¸«¡¸ ˆ½Å ‚¸¢˜¸ÄˆÅ ‚¢ž¸¥¸¸ž¸ ˆÅŸœ¸›¸ú Ÿ¸½¿ œÏ¨¸¸¢í÷¸ í¸½¿Š¸½ ÷¸˜¸¸ œ¸¢£¬¸Ÿœ¸¢î¸¡¸¸½¿ ˆÅ¸½ ¢¨¸æ¸¬¸›¸ú¡¸÷¸¸ ˆ½Å ¬¸¸˜¸ Ÿ¸¸œ¸¸ ]¸¸ ¬¸ˆÅ÷¸¸í¾. ƒ¬¸¢¥¸‡ ƒ¬¸½ ÷¸º¥¸›¸-œ¸°¸ Ÿ¸½¿ ‡ˆÅœ¸¢£¬¸¿œ¸¢î¸ ˆ½Å ³Åœ¸ Ÿ¸½¿ ¢‰¸¸¡¸¸ Š¸¡¸¸ í¾..• íŸ¸½©¸¸ ˆÅú ˆÅ£ ¡¸¸½Š¡¸ ‚¸¡¸ ÷¸˜¸¸ ¨¸÷¸ÄŸ¸¸›¸ ‚¢š¸¢›¸¡¸¢Ÿ¸÷¸ ˆÅ£ £¸½¿ œ¸£ ¥¸½‰¸¸¿¢ˆÅ÷¸ ‚¸¡¸ ˆ½Å ¤¸ú\¸ ˆ½Å ‚¿÷¸£ ˆ½Å ¢¥¸‡ ‚¬˜¸¢Š¸÷¸ ˆÅ£¸½¿ ˆ½Å¢¥¸‡ ¤¸›¸¸¡¸¸ Š¸¡¸¸ í¾.• ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¢¬÷¸¡¸¸½¿ ˆÅ¸½ ÷¸ž¸ú Ÿ¸¸›¡¸÷¸¸ ú ]¸¸÷¸ú í¾ ]¸¤¸ ¡¸í ¬¸º¢›¸¢ä¸÷¸ í¸½ ¢ˆÅ „›¸ˆÅú í¸½Š¸ú ‚¸¾£ ƒ›¸¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¨¸¸í›¸ Ÿ¸»¥¡¸ ˆÅú„œ¸¡¸ºÆ÷¸÷¸¸ ˆ½Å ¢¥¸‡ œÏ÷¡¸½ˆÅ ÷¸º¥¸›¸-œ¸°¸ ÷¸¸¢£‰¸ œ¸£ „›¸ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅú ]¸¸¡¸½Š¸ú.• ‚¸¡¸ˆÅ£ ¨¸¸œ¸¬¸ú ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸, ¨¸¸¬÷¸¢¨¸ˆÅ ¨¸¸œ¸¬¸ú ˆ½Å ‚¸š¸¸£ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.188¢ ›¡¸» ƒ¢›”¡¸¸ ‡©¡¸¸½£¿¬¸ ˆ¿Åœ¸›¸ú ¢¥¸¢Ÿ¸’½”THE NEW INDIA ASSURANCE CO. LTD.
Leadership and Beyond21. Taxation.• Tax expense for the year, comprises current tax and deferred tax.• Current income tax expense comprises taxes on income from operations in India and in foreignjurisdiction. Income tax payable in India is determined in accordance with the provisions of the IncomeTax Act 1961. Tax expense relating to foreign operations is determined in accordance with tax lawsapplicable in countries where such operations are domiciled.• Minimum Alternative Tax (MAT) paid in accordance with the tax laws, which gives rise to future economicbenefits in the form of adjustment of future income tax liability, is considered as an asset if there isconvincing evidence that the Company will pay normal income tax on future income. Accordingly, MATis recognized as an asset in the Balance sheet when it is probable that the future economic benefitassociated with it will flow to the Company and the asset can be measured reliably.• A provision is made for deferred tax for all timing differences arising between taxable income andaccounting income at currently enacted tax rates.• Deferred tax assets are recognized only if there is a virtual certainty backed by convincing evidencethat they will be realized and are reviewed for the appropriateness of their respective carrying valuesat each balance sheet date.• Refund of income tax is accounted on realisation basis.ANNUAL REPORT189
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Leadership and BeyondLEADING LIGHTS
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Leadership and BeyondviiiImpairment
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Leadership and Beyondix)Sensitivity
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Leadership and Beyond31 December 20
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Leadership and Beyond1 January 2011
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Leadership and Beyond(e) Financial
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Leadership and BeyondPlant &Machine
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Leadership and Beyond2012N'0002011N
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Leadership and BeyonddDeferred tax
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Leadership and Beyond1 January2012R
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Leadership and BeyondFire GeneralAc
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Leadership and BeyondNOTES TO THE F
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Leadership and Beyond38(a) Profit b
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Leadership and BeyondReconciliation
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Leadership and BeyondPreviousGAAPEf
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Leadership and BeyondPRESTIGE ASSUR
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Leadership and BeyondTHE NEW INDIA
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Leadership and BeyondTHE NEW INDIA
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Leadership and BeyondC. SUBSIDIARY
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Financial Year 2012-13 (27 MB) - The New India Assurance Co. Ltd.

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