Quarterly report pursuant to sections 13 or 15(d)

Note 7 - Income Taxes

Note 7 - Income Taxes
6 Months Ended
Sep. 30, 2012
Note 7 - Income Taxes



As of September 30, 2012, the Company had net operating loss carry forwards of approximately $10,800 that may be available to reduce future years’ taxable income in varying amounts through 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.


The provision for Federal income tax consists of the following for the six months ended September 30, 2012:




Federal income tax benefit attributable to:


Current operations

$         2,090            

Less: valuation allowance


Net provision for Federal income taxes

$                0


The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:



September 30, 2012

March 31, 2012

Deferred tax asset attributable to:



Net operating loss carryover

$         3,673            

$         1,583            

Less: valuation allowance



Net deferred tax asset

$                0

$                0


Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $10,800 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.