Note 11 - Taxes Payable

3 Months Ended

Jul. 31, 2016

Notes

Note 11 - Taxes Payable

NOTE 11 – TAXES PAYABLE

Taxes payable at the balance sheet dates are summarized as follows:

	July 31, 2016	April 30, 2016
Income tax payable	$1,019,950	$992,222
Business tax and other tax payables	(11,603)	(19,995)
Total	$1,008,347	$972,227

Business tax represents PRC sales tax imposed upon the Company's services provided in the PRC.  Tax rates range from 3% to 6% depending on the nature of the taxable activities.

Income tax represents PRC income tax. The provision for PRC income tax is based on a statutory rate of 25% of the assessable income of the PRC subsidiaries as determined in accordance with the relevant income tax rules and regulations of the PRC.