General form of registration statement for all companies including face-amount certificate companies

Income Tax Provision (Tables)

Income Tax Provision (Tables)

12 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Deferred tax assets

		March 31, 2012
Net deferred tax assets – Non-current:

Expected income tax benefit from NOL carry-forwards		$	4,432

Less valuation allowance			(4,432	)

Deferred tax assets, net of valuation allowance		$	-

Income tax provision

		For the Period from January 30, 2012 (Re-capitalization) through March 31, 2012
Federal statutory income tax rate			34.0	%

Change in valuation allowance on net operating loss carry-forwards			(34.0	)%

Effective income tax rate			0.0	%

Pro forma deferred tax assets

		March 31, 2012				March 31, 2011
Net deferred tax assets – Non-current:

Expected income tax benefit from NOL carry-forwards		$	3,310			$	-
Less valuation allowance			(3,310	)			(-	)
Deferred tax assets, net of valuation allowance		$	-			$	-

Pro forma income tax provision

		For the Fiscal Year Ended March 31, 2012				For the Fiscal Year Ended March 31, 2011
Federal statutory income tax rate			34.0	%			34.0	%

Increase (reduction) in income taxes resulting from:

Net operating loss (“NOL”) carry-forwards			(34.0	)			(-	)

Effective income tax rate			0.0	%			34.0	%