Liabilities in respect of TDS, Income Tax and Service Tax has been accounted for on the basis of respective returns filed with relevant authorities. Additional demand, if any, arising at the time of assessment is accounted for in the year in which the assessment is completed.
2. In the opinion of the board of Directors of the Company, the current assets, loans and advances, if realized in the ordinary course of business, have a realizable value which is at least equal to the value t which these are stated in accounts.
3. There was no employee employed for full year or part of the year who was getting salary in excess of limit laid down under section 217(2A) oftheCompaniesAct, 1956.
4. Related Party Disclosures
Disclosures issued by the Institute of Chartered Accountants of India are given below:
Key Management Personnel Relationships
Bhavesh Makhwana Director
Deepak Rathod Director
Relatives of Key Management Personnel: NIL
5. Deferred Tax Liability: Nil
6. Income and Expenditurein Foreign Currency: Nil (Previous Year Nil)
7. Previous year's figures have been regrouped/rearranged wherever considered necessary.