Enter the first few characters of Company and click 'Go'
Accounting Policies of Raghav Industries Ltd. Company
Mar 31, 2010
Investments have been taken at cost.
ii. Basis of Accounting :
Incomes and expenditures for the year have been taken on accural basis.
iii. Income Tax :
Current tax is determined as the amount of tax payable to the taxation
authorities in respect of taxable income for the period.
Deferred tax is recognised, subject to the consideration of prudence,
on timing differences, being difference between taxable and accounting
income/expenditure that originate in one period and are capable of
reversal in one or more subsequent period(s).
iv. Segment Reporting :
Segmental Reporting as per AS 17 is not applicable to the Company
during the year under review.
v. Contingent Liabilities :
No provision is made for liabilities which are contingent in nature,
unless it is probable that future events will confirm that an asset has
been impaired or a liability incurred as at the balance sheet date and
a reasonable estimate of the resulting loss can be made. However, all
known, material contingent liabilities are disclosed by way of separate