Notes to Accounts of Kuberan Global Edu Solutions Ltd.

Mar 31, 2024

6. CONTINGENT LIABILITY:

Generally, Contingent liabilities, if any, which are not provided for in the books of accounts are disclosed by way of a note in the notes on
accounts

7. EMPLOYEE BENEFITS:

1. Defined Contribution Plan: Contribution to Provident Fund and Employee State Insurance maintained and administered by Government
is recognized in the Profit and Loss account and the company has no further liability other than such contributions.

2. Defined Benefit Plan: Company''s liabilities towards gratuity is Not applicable

8. BORROWING COST:

Borrowing cost incurred on the acquisition of capital asset is treated as a charge in the statement of Profit and loss , since there is no
qualifying asset acquired during the period under consideration.

9. FOREIGN CURRENCY TRANSACTIONS: Nil.

10. TAXES ON INCOME :

Provision for Income tax is made for both current and deferred taxes - Provision for current income tax is made on the assessable income
at the tax rate applicable to the relevant assessment year. Deferred tax is accounted for by computing the tax effect of the timing difference
which arise during the year and get reversed in the subsequent periods. Deferred tax liability is calculated at the tax rates substantively
enacted by the balance sheet date.

11. PRIOR PERIOD ITEMS AND NET PROFIT FOR THE PERIOD CHANGES IN ACCOUNTING POLICIES :

There is no change in the adoption of accounting policies and there are no extra ordinary prior period items.

12.INVESTMENTS:

Investments are stated at cost.