| 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.
|