NOTE 4 - PROVISION FOR INCOME TAXES
The reconciliation of income tax provision (benefit) at the U.S. statutory rate of 34% for the year to March 31, 2017 and for the year to March 31, 2016 to the Company’s effective tax rate is as follows:
| March 31, 2017 | March 31, 2016 | |||||||
| Income tax benefit at statutory rate | $ | 7,925 | $ | 3,943 | ||||
| Change in valuation allowance | (7,925 | ) | (3,943 | ) | ||||
| Income tax provision | $ | - | $ | - | ||||
The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of March 31, 2017 and March 31, 2016 are as follows:
| March 31, 2016 | March 31, 2015 | |||||||
| Net Operating Loss carry forward | $ | 12,641 | $ | 4,716 | ||||
| Valuation allowance | (12,641 | ) | (4,716 | ) | ||||
| Net deferred tax asset | $ | – | $ | – | ||||
The Company has approximately $37,200 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years which expire commencing in fiscal 2035. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.