XML 1044 R14.htm IDEA: XBRL DOCUMENT

Income Taxes

12 Months Ended

Mar. 31, 2013

NOTE 8 - INCOME TAXES

The component of the Company’s deferred tax assets as of March 31, 2013 and 2012 are as follows:

	2013		2012
Net operating loss carryover	$	(38,095)	$	(22,036)
Valuation allowance		38,095		22,036
Net provision for federal income taxes	$	--	$	--

The Company’s effective income tax rate of 0.0% differs from the federal statutory rate of 35% for the reason set forth below for the years ended March 31:

	2013		2012
Income tax (recoverable) payable at statutory rate	$	(16,675)	$	38,488
Valuation allowance		16,675		(38,488)
Net provision for federal income taxes	$	-	$	-

As at the year-end the Company had a net tax loss carried forward of $108,842 (2012: $62,959). Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. These losses expire between 2028 and 2033.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details