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Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)
12 Months Ended
Mar. 31, 2015
Policies  
Income Taxes

Income taxes

 

The Company accounts for income tax under the asset and liability method as stipulated by ASC 740 “Income Taxes”, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of the events that have been included in the financial statements or tax returns.  Deferred Income taxes are recognized for all significant temporary differences between tax and financial statements bases of assets and liabilities.  Valuation allowances are established against net deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company didn’t recognize any deferred tax amount at March 31, 2015 and 2014.

 

China YCT International, Inc. is a holding company of Shandong Spring Pharmaceutical Co., Ltd and does not have any operating activities. Therefore, the Company does not incur any US income tax liabilities.