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| Exchange Disseminated Time | Sarthak Industries Ltd has informed BSE that in the limited review report of the Company for the quarter ended June 30, 2006, the Auditors of the Company have made the following observations:
"The Company has not provided :
1. current tax Rs 5.50 Lakhs had the same been provided profit would have been lower by Rs 5.50 Lakhs.
2. Deferred tax assets of Rs 2.00 Lakhs, as required by Accounting Standard 22 "Accounting for Taxes on Income" issued by ICAI had the provision been made as above net profit would have been higher by Rs 2.00 Lakhs and
3. Fringe benefit tax of Rs 0.16 Lakhs had the same been provided profit would have been lower by Rs 0.16 Lakhs. Hence net profit would have been lower by Rs 3.66 Lakhs." |
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