Mar 31, 2014
A Basis of Preparation
The financial statements are prepared under the historical cost
convention, on accrual basis, and comply with the accounting standards
referred to in Section 211(3C) of the Companies Act, 1956.
b Revenue Recognition
Company follows accrual system of accounting and takes into account
expense and incomes as accrued. Dividend income is recognised when the
company''s right to receive dividend established by the reporting date.
c Provision for Current and Deferred Taxation
Provision for current tax is made at the amount expected to be paid to
taxation authority in accordance with the Income Tax Act, 1961.
d Investment
Investment share stated at cost.
Mar 31, 2013
A Basis of Preparation
The financial statements are prepared under the historical cost
convention, on accrual basis, and comply with the accounting standards
referred to in Section 211(3C) of the Companies Act, 1956.
b Revenue Recognition
Company follows accrual system of accounting and takes into account
expense and incomes as accrued. Dividend income is recognized when the
company''s right to receive dividend established by the reporting date.
c Provision for Current and Deferred Taxation
Provision for current tax is made at the amount expected to be paid to
taxation authority in accordance with the Income Tax Act, 1961.
d Investment
Investments are stated at cost.
Mar 31, 2010
I) Basis of Accounting:
Financial Statements are prepared on accrual basis of accounting.
ii) Investments:
a) Investments ( Long Term ) are stated at cost.
iii) Interest on Demand/Call loans:
Interest on demand/call loans ore accounted as on year end or on date
of repayment of demand/call loans whichever is earlier.
iv) Deferred Tax Liabilities/ Assets: There are no deferred tax assets /
liabilities.
v) Prior Period Items: Prior period adjustements represent excess or
short provision for income tax of earlier years.
Mar 31, 2009
I) Basis of Accounting:
Financial Statements are prepared on accrual basis of accounting.
ii) Investments:
Investments ( Long Term ) are stated at cost.
iii) Interest on Demand/Call loans:
Interest on demand/call loans are accounted as on year end or on date
of repayment of j demand/call loans whichever is earlier.
iv) Deferred Tax Liabilities/ Assets:
There are no deferred tax assets / liabilities.
v) Prior Period Items:
Prior period adjustements represent excess or snort provision for
income tax of earlier years.
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