(iii)

In the event of non-utilisation of the amount accumulated under section 11 of the Incometax Act, 1961, the same would be offered to tax in the year of such non-utilisation as the tax liability will arise only in that year.

11.

Prior Period Expenses include Rs.1000/- as Profession Tax of earlier years, Rs.5870/- as interest and Rs.6110/- as penalty charges paid on account of delay in registration with Profession Tax Authority.

12. Expenditure incurred in Foreign Currency during the year in respect of :
 
Sr. No. Particulars

Amount (Rs.)

a)

Fabric @ magic Fair, USA

274146.40

b)

XXIV Federal Trade Fair, Russia 259717.00

c)

Study Tour to China
(Previous year Rs.89800.00)

-----

d)

Delegation to Tanzania & Kenya
(Previous year Rs.202805.00)

-----

e)

Heimtextil Frankfurt Fair
(Previous year Rs.124930.00)

-----

f)

Indian Textile Exhibition/BSM in Korea & Vietnam
(Previous year Rs.64427.00)

-----

g)

Techtextil Fair, Frankfurt
(Previous year Rs.382663.00)

-----
h) Made in India Show, China
(Previous year Rs.52874.00)
-----

 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                                                        
 

SIGNATURES TO SCHEDULE ‘A’ TO ‘E’ M. Y. Momin Chairman
For J. K. Doshi & Co.
Chartered Accountants
Ka. Marappan Vice Chairman
(Southern Region)
C. C. Sampat
Partner
Membership No. F6111
Arif M. Husain Vice Chairman
(Central Region)
   

ANIL SINGH
Secretary

MAYANK DESAI
Executive Director

Mumbai : 22nd June, 2005

Mumbai : 22nd June, 2005