Note 3 - Income Taxes

3 Months Ended

Jun. 30, 2016

Notes

Note 3 - Income Taxes

NOTE 3 -INCOME TAXES

Deferred income taxes arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.   The company does not have any uncertain tax positions.

The Company currently has net operating loss carry forwards aggregating $71,442 (2016: $65,095), which expire through 2030. The deferred tax asset related to the carry forwards has been fully reserved.

The Company has deferred income tax assets, which have been fully reserved, as follows:

		June 30,   2016	March 31,  2016
Deferred tax assets	$	24,030	$     21,607
Valuation allowance for deferred tax assets		(24,030)	(21,607)
Net deferred tax assets	$	-	$               -