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Notes to Accounts of Kartik Investment Trust Ltd.

Mar 31, 2014

1 Share Capital

Rights, preferences and restrictions attached to Equity Shareholders

Equity Shares of the Company having par value of Rs.10 per share rank pari pasu in all respects including voting rights and entitlement to dividend.

2. Segment Reporting

The Company is primarily engaged in the business of dealing in Investments and finance and hence this is considered as the only business segment.

3. Previous year''s figures have been re-grouped, where necessary.

4. Deferred Tax

Deferred tax asset attributable to unabsorbed carried forward business loss and losses under the head Capital Gains as at 31st March 2014 aggregating Rs.85984/- (As at 31/3/2013 - Rs.85984/-) has not been recognised in view of the uncertainty regarding its utilisation by way of set off in subsequent years.


Mar 31, 2013

1. Deferred Tax

Deferreci tax asset attributable to unabscrbed carried forward business loss and losses under the head Capital Gains as at 31st March 2013 aggregating Rs.85984/- ( As at 31/3/2012 - Rs,4361288/-) has not been recognised in view of the uncertainty regarding its utilisation by way of setoff in subsequent years.

2. Segment Reporting

The Company is primarily engaged in the business of dealing in Investments and finance and hence this is considered as the only business segment.

3. Previous year''s figures have been re-grouped, where necessary.


Mar 31, 2012

1. Deferred Tax

Deferred tax asset attributable to unabsorbed carried forward business loss and losses under the head Capital Gains as at 31st March 2012 aggregating Rs. 4361288/- has not been recognised in view of the uncertainty regarding its utilisation by way of set off in subsequent years.

2. Related Parties disclosure

Details of Related Parties Relationship New Ambadi Estates Private Limited Company having substantial Interest Transactions during the year Nil

Balances Outstanding-Debit/(Credit) Nil

3. Segment Reporting

The Company is primarily engaged in the business of dealing in Investments and finance and hence this is considered as the only business segment.

4. Previous year's figures have been re-grouped, where necessary.


Mar 31, 2010

1. In accordance with the provisions of Accounting Standard - 22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India. Deferred Tax Asset attributable to unabsorbed carried over business losses and losses under the head Capital Gains as at 31-03-2010 is not recognised in view of the uncertainty regardng its utilisation by way of set off in subsequent years. The aggregate deferred tax asset not recoqnised as at 31st March 2010 is Rs.286.43 labs.

2. Related parties

There are no related parties.

3. Segment Reporting

The Company is engaged in the business of dealing in Investments and Finance and hence this is considered the only business segment.

4. Previous years figures have been reclassified whereever necessary to confirm to the classification adopted in these accounts

 
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