Quarterly report pursuant to sections 13 or 15(d)

Income Taxes

v2.4.0.6
Income Taxes
 6 Months Ended
Mar. 31, 2012
Income Taxes {1}  
Income Tax Disclosure [Text Block]

5.  INCOME TAXES

 

As of March 31, 2012 the Company had net operating loss carry forwards of approximately $15,013 that may be available to reduce future years’ taxable income through 2027. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a full valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

 

The components of the deferred tax asset, the statutory tax rate, the effective tax rate and the elected amount of the valuation allowance are indicated below:

 

From September 16, 2009 (Inception)  to 
March 31, 2012

Net Operating Loss

15,013

Statutory Tax Rate

34%

Deferred Tax Asset

5,104

Valuation Allowance

(5,104)

Net Deferred Tax Asset

$                -