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Accounting Policies of Parichay Investments Ltd. Company

Mar 31, 2014

(1) The Accounts are prepared on an accrual basis except otherwise stated and under the historical cost conventions, and are in line with the relevant laws as well as the guidelines prescribed by the Department of Company affairs and the Institute of Chartered Accountants of India.

(a) SYSTEM OF ACCOUNTING: The Company has adopted the accrual basis of accounting in the Preparation of the books of accounts.

(b) REVENUE RECOGNITION: All income is accounted for on accrual basis.

(c) EXPENSES: It is Company''s policy to account of expenses on accrual basis.

(d) TAXATION: Provision for current tax is made in the accounts on the basis of estimated tax liability as per the applicable provisions of the Income Tax Act, 1961. There is no timing difference. Hence, Deferred tax liability/assets have not arisen during the year

(e) INVESTMENTS: Long Term Investments are stated at Cost. Provision for diminution in the value of long term investments is made only if such decline is other than temporary in the opinion of the management.

(f) RETIREMENT BENEFITS: Provision of Gratuity is not applicable to the company.

(g) Basic and Diluted Earnings per share (EPS) computed in accordance with Accounting Standard (AS) 20 "Earning Per Share"


Mar 31, 2013

(1) The Accounts are prepared on an accrual basis except otherwise stated and under the historical cost conventions, and are in line with the relevant laws as well as the guidelines prescribed by the Department of Company affairs and the Institute of Chartered Accountants of India.

(a) SYSTEM OF ACCOUNTING: The Company has adopted the accrual basis of accounting in the Preparation of the books of accounts.

(b) REVENUE RECOGNITION: All income is accounted for on accrual basis.

(c) EXPENSES: It is Company''s policy to account of expenses on accrual basis.

(d) TAXATION: Provision for current tax is made in the accounts on the basis of estimated tax liability as per the applicable provisions of the Income Tax Act, 1961. There is no timing difference. Hence, Deferred tax liability/assets have not arisen during the year

(e) INVESTMENTS: Long Term Investments are stated at Cost. Provision for diminution in the value of long term investments is made only if such decline is other than temporary in the opinion of the management.


Mar 31, 2012

(1) The Accounts are prepared on an accrual basis except otherwise stated and under the historical cost conventions, and are in line with the relevant laws as well as the guidelines prescribed by the Department of Company affairs and the Institute of Chartered Accountants of India.

(a) SYSTEM OF ACCOUNTING: The Company has adopted the accrual basis of accounting in the Preparation of the books of accounts.

(b) REVENUE RECOGNITION: All income is accounted for on accrual basis.

(c) EXPENSES: It is Company's policy to account of expenses on accrual basis.

(d) TAXATION: Provision for current tax is made in the accounts on the basis of estimated tax liability as per the applicable provisions of the Income Tax Act, 1961. There is no timing difference. Hence, Deferred tax liability/assets have not arisen during the year

(e) INVESTMENTS: Long Term Investments are stated at Cost. Provision for diminution in the value of long term investments is made only if such decline is other than temporary in the opinion of the management.

(f) RETIREMENT BENEFITS: Provision of Gratuity is not applicable to the company.


Mar 31, 2011

(1) The Accounts are prepared on an accrual basis except otherwise stated and under the historical cost conventions, and are in line with the relevant laws as well as the guidelines prescribed by the Department of Company affairs and the Institute of Chartered Accountants of India.

(A) SYSTEM OF ACCOUNTING

The Company has adopted the accrual basis of accounting in the Preparation of the books of accounts.

(B) REVENUE RECOGNITION

All income is accounted for on accrual basis.

(C) EXPENSES

It is Company's policy to account of expenses on accrual basis.

(D) TAXATION

Provision for current tax is made in the accounts on the basis of estimated tax liability as per the applicable provisions of the Income Tax Act, 1961. There is no timing difference. Hence, Deferred tax liability/assets have not arisen during the year.

(E) INVESTMENTS

Long Term Investments are stated at Cost. Provision for diminution in the value of long term investments is made only if such decline is other than temporary in the opinion of the management.

(F) RETIREMENT BENEFITS

Provision of Gratuity is not applicable to the company.

(G) Basic and Diluted Earnings per share (EPS) computed in accordance with Accounting Standard (AS).20 "Earning Per Share"


Mar 31, 2009

The accounts are preared on the basis of Historical Cost Convention. All Income and expenditure are accounted for on accrual basis.


Mar 31, 2003

The accounts are prepared on the basis of Historical Cost Convention.

ii Income and expenditure are accounted for on accrual basis.

 
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