| ACCOUNTING FOR TAXES ON INCOME TAX
Income Tax expenses comprise of current tax being amount of tax
determined in accordance with Income Tax Law. A provision is made for
income tax annually, based on the tax liability computed after
considering tax allowances and exemptions.
(i) No provision for current tax is made during the financial year
2013-14 as the company has incurred loss.
EARNING PER SHARE
The amount considered in ascertaining the Company's earning per share
constitutes the net profit / loss after tax. The number of shares used
in computing basic earning per share is the weighted average number of
shares outstanding during the year.
Previous Year figures have been regrouped / recast wherever
necessary.
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