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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