NOTE 7 - INCOME TAXES (Details) - Reconciliation of Statutory Tax Rate
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12 Months Ended |
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Mar. 31, 2013
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Reconciliation of Statutory Tax Rate [Abstract] | |
Statutory Tax Rate | 35.00% |
Increase in Valuation Allowance | (35.00%) |
Effective Tax Rate | 0.00% |
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- Details
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- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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