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न्यू मार्केट्स एडवाइजरी

बीएसई: 508867  |  NSE: N.A  |  ISIN: INE800K01014  |  Finance - General

खोजें न्यू मार्केट्स एडवाइजरी कनेक्शन मार्च 13
लेखांकन नीति साल : मार्च '14
I.  BASIS OF PREPARATION OF FINANCIAL STATEMENTS:
 
 During the year ended 31st March 2014, the revised Schedule VI notified
 under the Companies Act 1956, has become applicable to the company, for
 preparation and presentation of its financial statements.  However, it
 has significant impact on presentation and disclosures made in the
 financial statements. The company has also re-classified the previous
 year figures in accordance with the figures of the current year.
 
 II.  BASIS OF ACCOUNTING:
 
 The financial statements are prepared under historical cost convention,
 on accrual basis, in accordance with the provisions of Companies Act,
 1956 and the accounting principles generally accepted in India and
 comply with the Accounting Standards notified by the Companies
 (Accounting Standards) Rules, 2006.
 
 III.  REVENUE RECOGNITION
 
 a) Income is recognized upon invoicing shares sold and services
 rendered.
 
 b) The Income from dividend and interest are stated at gross.
 
 IV.  FIXED ASSETS
 
 Fixed Assets are stated at cost of acquisition less accumulated
 depreciation.
 
 V.  DEPRECIATION
 
 The company has provided depreciation on Fixed Assets on written down
 value basis at the revised rates prescribed under the Income Tax Act,
 1961.
 
 VIII.  TAXES ON INCOME
 
 Income Tax expenses comprises of current tax and deferred tax (charge
 or credit). Provision for Income Tax is made on the basis of taxable
 income for the current accounting year in accordance with the
 provisions of the Income Tax Act, 1961. There is no deferred tax
 liability up to the year ended 31st March, 2014.
स्रोत: रेलीगरे टेचनोवा

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