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Notes to Accounts of VKJ Infradevelopers Ltd.

Mar 31, 2015

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

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

3) Managerial Remuneration: 300,000.00

4) The company does not have inventory as per AS-2.

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

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

7) Minimum Alternative Tax (MAT) is recognized as an asset only when and to the extent there is convicting 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 Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.


Mar 31, 2014

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: -

4) The inventories of the company are valued as per cost price and market price whichever is less.

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

6) The revised Schedule VI 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 disclosers which have been complied with in these financial statements Previous year figures have been reclassified in accordance with current year requirements.

7) All schedules annexed to and from integral part of the Balance Sheet and Prof it & Loss Account.

8) Minimum Alternative Tax (MAT) is recognized as an asset only when and to the extent there is convicting 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 Entitlement to the extent there is no longer convicting evidence to the effect that company will pay normal Income Tax during the specified period.

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