CALCULATION OF DEFERRED TAXATION AS ON 31-MAR-2008 Particulars Amortisation of Amalgmation Expenses Fixed Assets Difference in Block Value of Fixed Assets

Provisions Provision for Provision for Provision for Provision for Amount Tax Rate 30.90 Amount -

4,185,549

30.90

1,293,335

Doubtful Debts gratuity &Bonus Irrecoverable Advances leave encashment

1,774,847 151,766 -

30.90 30.90 30.90 30.90 30.90

548,428 46,896 1,888,658 -

Unabsorbed Depreciation & Business loss Mat Credit Carried Forward Total Deferred Taxation

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Deferred Taxation Statement SCHEDULE FORMING PART OF ACCOUNTS:Deferred Tax Assets Depreciation Accrued Expenses deductible on payment Preliminary Expenditure Other Effects Provision of doubtful debts and advances Total SCH. (Current Year ) (Previous Year ) 1 2 3 4 5 -

Deferred Tax Liabilities Depreciation Preliminary Expenditure Other Effects Provision of doubtful debts and advances Total Net Deffered Tax Asset/(Liabilities) ACCOUNTING ENTRIES :1 Profit & Loss Account Deferred Tax Liabilities/ Asset Account Dr. Cr. 1 2 3 4 -

[Effect of change in deferred tax liability for the year] 2 Deferred Tax Assets/ Liability Account Profit & Loss Account Dr. Cr. -

Recognition of Deferred tax assets to the extent of deferred tax liability) (Page 1 )

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Computation for Tax for the period ended on March 31, 2008 Profit/(Loss) as per P&L A/c Add 344000 342001 Disallowances Considered seperately under IT. Act. Depreciation as per Books Loss on sale of assets Amortised cost of programmes allowed in earlier year Expenditure of Capital Nature Provision for leave encashment Provision for gratuity -

330109 Less

Allowance under the Income Tax Act / Considered Seperately Depreciation as per I T Act Dividend income exempt u/s. 10(35) 272000/330110 Leave Encashment paid Amortised cost of Movies & Animation Programmes Unabsorbed Loss brought forward from previous years BUSINESS INCOME C/F. FOR SETOFF IN NEXT A.Y TOTAL INCOME TAX ON BUSINESS INCOME @ 30%

Less

Add Add

SURCHARGE @ 10% Education Cess & Higher Secondary Education cess @ 3 % TOTAL TAX PAYABLE (PAYABLE/(REFUND) )

Assumptions - Programming cost have been claimed at 100%. i.e. no inventorisation considered

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( ) (Fixed Assets - Depreciation (As per Income Tax Act, 1961.) ) Particulars WDV Additions Deletions/ As on (Upto ) (After ) Sales 01.04.2007 (30.09.2007 ) (01.10.2007 ) (More than (Less than six six months ) months ) (Total )

(A.Y. 2008 - 2009 )

Depreciation Depreciation Rate

WDV As on 31.03.2008

Plant & Machinery Furniture & Fixtures Computers Office Equipments Leasehold Improvements

15.00% 10.00% 60.00% 15.00% 10.00%

Total

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1 Depreciation Asset Group (WDV As (WDV As per (Deferred per Income- Companie (Deferred liability ) asset ) Tax Act ) s Act ) -

Buildings Plant & Machinery Furniture and Fixtures Office Equipments Vehicles Goodwill Computer Tools

Total Net Tax Effect 2 Section 36 and other Provisions (As per Income Tax )

(Particulars )

(Balance (Deferred (Deferred Tax as per tax liability ) Books ) asset ) (Page 3 ) -

Section 36 provision for Bad Debts Provision against Doubtful Debts Provision for loans and advances Provision for dimunition in value of InvestmentTotal -

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Workings of deferred taxation 2 Expenses Allowed only on Payment (Charged to Books ) Section 43/B of Income Tax Act,1961 a Any sum Payable as Cess, Tax, Duty b Contribution to P.F. Gratuity c Bonus d Interest on loan from Public Financial Inst. e Interest on term loan from Co-operative Bank f Sum Payable by employer in lieu of leave at the credit of employee Total Difference Tax Effect 3 Expenses disallowed in Income Tax Return Expense u/s 37 a b c d Personal Expenses Prior Period Expenses Penalties Capital Expenditure Total Tax Effect 4 Expenses under Section 35D As per Accounts Balance As per Income Tax Balance Difference Tax Effect See instructions 5 Other Effects (Deferred tax asset ) a b c d Insert as per its Tax Effect VRS to the extent not written off Dimunition in the value of Loss & Carried Forward Business investments Depreciation Other Effects (Deferred Tax liability ) (Paid Before due date ) -

Total Tax Effect

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TRANSITIONAL PROVISION
Workings of deferred taxation - 1

Depreciation
Asset Group (As per Income-Tax Act ) (WDV ) (As per Companies Act ) (WDV ) (Deferred tax asset ) (Deferred Tax liability )

Buildings Plant & Machinery Furniture and Fixtures Office Equipments Vehicles Goodwill Computer Tools

Total Net Tax Effect

2
Section 36 and other Provisions Section 36 provision for Bad Debts Provision against Doubtful Debts Provision for loans and advances Provision for dimunition in value of Investment Total (Balance as per Books ) (Deferred tax asset ) (Page 6 ) (Deferred Tax liability ) -

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TRANSITIONAL PROVISION
Workings of deferred taxation - 2

Expenses Allowed only on Payment (Charged to Books ) Section 43/B of Income Tax Act,1961 a Any sum Payable as Cess, Tax, Duty b Contribution to P.F. Gratuity c Bonus d Interest on loan from Public Financial Inst. e Interest on term loan from Co-operative Bank f Sum Payable by employer in lieu of leave at the credit of employee Total Difference Tax Effect (Paid Before due date )

Expenses under Section 35D As per Accounts Balance As per Income Tax Balance Difference Tax Effect See instructions -

Other Effects Insert as per its Tax Effect Dimunition in the value of Investment Brough forward losses & Depreciation VRS Payments Othe Effects (Deferred tax asset ) (Deferred tax Liabilities ) -

a b c d e f g

Total Tax Effect

(Page 7 )

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