8. Provision for Current and Deferred Tax:
Deferred tax liabilities are recognized for all taxable timing differences. Deferred tax assets are recognized for
deductible timing differences only to the extent that there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be realized. At each balance sheet date, the Company
reassesses unrecognized deferred tax assets. It recognizes unrecognized deferred tax assets to the extent that it has
become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be
available against which such deferred tax assets can be realized.
24. Segment Reporting
The company business income consist of service income only. The segment wise details as per Accounting Standard AS
-17 issued by the Institute of Chartered Accountants of India is not required to be disclosed.
25. Accounting for Taxes on Income (Accounting Standard No.:-22):
The Company has during the year recognized Net Deferred Tax Asset amounting to Rs. NILas on 31.03.2024
26. In accordance with the requirement of Accounting Standards (AS)-18 on Related Party Disclosure, the name of the
parties where control exists and/ or with whom the transaction have taken place during the year are as follows:-
36. The company is having a long outstanding of receivables from Sycamore Infinite Winter Logistics Limited amounted to
Rs 27,71,372 against an export order and the management is hopeful to recover the same in FY 2024-25.
37. The company has not deposited Employees Contribution amounting to Rs 80,150 so same will be deposited in the FY
2024-25 along with the penal interest.
38. The company has not deposited TDS amounting to Rs 3,01,242 so same will be deposited in the FY 2024-25 along with
the penal interest
As per Our Report of Even Date attached For and on behalf of the Board
For RAVI RAJAN & CO. LLP
Chartered Accountants
Firm's Registration Number: 009073N/N500320 sd/- sd/-
Aditya Khanna Ashish Khanna
(Managing Director) (Director& CFO)
Sd/- DIN-01860038 DIN-01251582
B.S. Rawat
Partner
Membership Number: 034159
UDIN: 4034159BKCPNO8707
Place: New Delhi
Date: 30-05-2024
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