Notes to Accounts of Jigyasa Infrastructure Ltd.

Mar 31, 2017

A- NOTES TO THE ACCOUNTS

1) The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

2) All the investments made by the company are valued at Cost .

3) Managerial Remuneration: 240,000.00

4) The company does not have inventory as on 31.03.2017.

5) Deferred tax arising on account of timing difference and which are capable of reversal in one or more subsequent periods is recognised using the tax rates and tax laws that have been enacted or substantively enacted. Deffered tax assets are recognised unless there is virtual certainty with respect to the reversal of the same in future years.

6) Depreciation on Fixed Assets is provided to the extent of depreciable amount on the Written Down Value (WDV) Method. Depreciation is provided based on useful life of the assets as prescribed in Schedule II to the Companies Act, 2013.

7) All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

8) Minimum Alternative Tax (MAT) is recognised as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entilement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

9) Value of Import on CIF Basis Nil

10) Earnings in Foreign Exchange (FOB Value) Nil

11) Expenditure in Foreign Currency Nil

12) All Balances are subject to confirmation

13) Earning Per Share:

14) Company has followed ICDS which has notified by the CBDT Notification No. 87/2016 dt. 29 Sept. 2016.

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Mar 31, 2014

1. The inventories of the company are valued as per cost price and market price which ever is less.

2. Deffered tax arising on account of timing differeance and which are capable of reversal in one or more subsequent periods is recognised using the tax rates and tax laws that have been enacted or substantively enacted. Deffered tax assests are recognised unless there is virtual certainty with respect to the reversal of the same in future years.

3. The revised Schedule V! as notified under the companies Act,1956, has become applicable to the company for the presentation of its financial statements for the year ending March 31,2013. The adoptation of the revised Schedule VI requirements has significantly modified the presentation and disclosure which have been complied with in these financial statements Previous year figures have been reclassified in accordance with current year requirements.

4. All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

5. Minimum Alternative Tax (MAT) is recognised as an asset only when and to the extent there is convicing evidence that the company will pay normal income tax during the specefied period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entilement to the extent there is no longer convicing evidence to the effect that company will pay normal income Tax during the specified period.

6. Value of Import on CIF Basts Nil

7. Earnings in Foreign Exchange (FOB Value) Nil

8. Expenditure in Foreign Currency Nil

9. The Company has no employee to whom the provisions of section 217 (2A) of the Companies Act, 1955 are applicable.