2. 30001
Tax Ref No.
2010 FORM C 199402227C
Comptroller of Income Tax YEAR OF ASSESSMENT 2010
55 Newton Road Revenue House Singapore 307987
INCOME TAX RETURN The words 'PRECEDING YEAR' mean
Tel 1800-3568622 (The Income Tax Act Cap. 134) the year ended 31st December 2009
http://www.iras.gov.sg
COMPANY'S PARTICULARS Date 31 Mar 2010
Place where control and management
COLOUR SEVEN GROUP PTE. LTD. is exercised
SINGAPORE
246 MACPHERSON ROAD
#08-02 BETIME BUILDING
SINGAPORE 348578
This Form may take you 20 minutes to fill in.
Please get ready the following information to fill in the Form: (i) Accounts (ii) Tax Computation (iii) Detailed Profit and Loss Statement
Please use this Form C to declare the company's income of the preceding year. The completed Form C with other relevant Forms should be
returned by 30th November 2010.
(see Note 1 )
The completed Form C and other relevant Forms must be submitted together with
Audited Accounts or Unaudited Accounts (for companies qualifying for an audit exemption under the Companies Act); and
Tax Computation and Supporting Schedules showing how the tax payable is arrived at.
MOSES LEE
Comptroller of Income Tax
Important : Please read the Explanatory Notes before completing the Form
I Please x where applicable
1 The auditors of the company have made a qualification to the audited accounts for the accounting year.
2 The company is transferring/ claiming loss items under the Group Relief System. (see Note 1 & 4)
(see Note 1 & 5)
3 The company has claimed income tax exemption for foreign-sourced income received in Singapore
from 22 Jan 2009 to 21 Jan 2010. )
II Dormant Company only - Please x where applicable (see Note 1 & 6 )
1 The company did not carry on business and had no income in the preceding year.
2 The company did not own any investment (e.g. shares, properties and fixed deposit) during the basis period.
III Exempt Private Company only - Please complete the following. (see Note 7)
1 Is the company's annual revenue below the prescribed threshold ? 1 (Yes = 1 No = 2)
2 Indicate an 'X' for the type of accounts you are submitting Audited Accounts X Unaudited Accounts
IV Tax Exemption Scheme For New Start-Up Companies - The following must be completed to claim for the exemption for new start-ups (see Note 8)
1 The company satisfies all conditions to qualify for the tax exemption scheme for new start-up companies. (Yes = 1 No = 2)
2 The company's first YA upon incorporation is YA
V Research & Development (R&D) Expenditure - Please x where applicable (see Note 1, 14 & 17)
1 The company has incurred expenditure on R&D (as defined under the Income Tax Act) during the basis period.
Indicate an 'X' in only one (1) of the boxes below:
2a The company is a qualifying start-up company and satisfies all conditions to convert its tax adjusted losses to be converted to R&D cash grant.
2b The company has claimed for R&D tax allowance.
VI Declaration by person making the Return
I declare that this Return gives a full and true account of the whole of the income of the company for the preceding year.
SOON KAI MING 96346130 DIRECTOR
Name Contact number Designation Signature and Date
There are penalties for failing to furnish a tax return or furnishing an incorrect tax return.
For Office Use 1 301 2 AC 3 TC 4 RR 5 NS NE 206 16245299045 041
IRIN 300/ZZ (1/2010)
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3. 30002
199402227C
VII Assessment Information (see Note 10)
1 Income Accruing in/ Derived from Singapore (before Exempt Amount in Note 8 & 9) S$
Trade/ Business Income - Adjusted Profit/ Loss after (see Note 11) *
1a
Unutilised Capital Allowances b/f, current year Capital Allowances,
1a X 57,568
Unutilised Losses b/f - S10(1)(a)
1b Interest/ Discounts - S10(1)(d) * * 1b 0
Trust Distribution (Including REIT Distribution) - S10(1)(e)
1c (Attach a list showing details of distributions received) * 1c 0
Rent, Premiums and any other Profits arising from (see Note 12) *
1d
Property - S10(1)(f)
1d 0
1e Royalties - S10(1)(f) 1e 0
1f Other Income not falling under Box 1a to 1e - S10(1)(g) 1f 0
2 Foreign Income Received in Singapore (before Exempt Amount in Note 8 & 9)
Nature of Income Country Amount Received
(see Note 13) (see Appendix 1) S$
2a 2f 2k 0
2b 2g 2l 0
2c 2h 2m 0
2d 2i 2n 0
2e 2j 2o 0
*
3 Total of Box 1a to 2o 3 X 57,568
4 Current Year Tax Adjusted Loss Converted to R&D Cash Grant (see Note 14)
(Only for loss-making company engaged in R&D)
4 0
5 Current Year Donations and Unutilised Donations b/f (see Note 15) 5 0
*
6 Sub-Total (Box 6 = Box 3 + Box 4 - Box 5) 6 X 57,568
7 Loss Transferred to Claimant Company (see Note 1 & 4) 7 0
8 Carry-back of Current Year Capital Allowances/ Losses (see Note 16)
(To complete only if the company has claimed current year Capital Allowances/ Losses against assessable income of the three immediate preceding Years of Assessment)
8a Carry-back of current year Capital Allowances/ Losses 8a 0
The company has made/ is making an irrevocable election for the carry-back of current
8b
year capital Allowances/ Losses.
8b 2 (Yes = 1 No = 2)
Is there a change in the principal activities of the company during the basis periods
8c
relating to the current and 3 immediate preceding YAs?
8c 2 (Yes = 1 No = 2)
Is there a substantial change in the company's ultimate shareholders and their
8d
shareholdings as at the relevant dates?
8d 2 (Yes = 1 No = 2)
9 Research & Development (R&D) Tax Allowance (see Note 1 &17)
9a R&D Tax Allowance Utilised 9a 0
9b Qualifying R&D Expenditure 9b
(For profit case, Box 10 = Box 6 - Box 9a) *
10 Total (For loss case, Box 10 = Box 23 + Box 25 + Box 27)
10 X 57,568
* If an amount is negative (i.e. net loss), enter an 'X' in the box.
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5. 30003
199402227C
11 Investment Allowances S$
a Amount unutilised b/f 11a 0
b Amount for current Year of Assessment 11b 0
c Amount utilised (see Note 18) 11c 0
d Amount unutilised c/f 11d 0
12 Chargeable Income (before Exempt Amount) (Box 10 - Box 11c) 12 0
(If negative, enter zero '0' in the last box on the right)
13 Loss Claimed from Transferor Company (see Note 1 & 4) 13 0
14 Chargeable Income after Group Relief (before Exempt Amount) (Box 12 - Box 13) 14 0
(See Annex 1 and 2)
15 Chargeable Income in Box 14 above to be taxed at rates other than 17%
Type Code Tax Rate (%) Amount of Chargeable Income (S$)
(see Appendix 1)
15a 15c 15e 0
15b 15d 15f
16 Tax Set-Offs (see Note 19) S$ & cts
a Double Taxation Relief - Normal Rate 16a 0.00
b Double Taxation Relief - Concessionary Rate 16b 0.00
c Unilateral Tax Credit 16c 0.00
d Malaysian Pioneer Relief 16d 0.00
e Section 47 Credit 16e 0.00
17 Tax Deducted at Source S$ & cts
a Tax Deducted from Interest 17a 0.00
b Section 46(1) - Other than Interest 17b 0.00
18 Tax Payable/ Repayable (see Note 20) S$ & cts
*
a Tax Payable/ Repayable before Remission/ Rebate 18a 0.00
b Tax to be Remitted under Sections 92(1) and 92(2) 18b 0.00
*
c Tax Payable/ Repayable after Remission/ Rebate 18c 0.00
* If it is a tax repayable, enter an 'X' in the box.
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7. 30004
199402227C
19 Exempt Income/ Loss (see Note 10)
Current year adjusted exempt income/ loss after current year capital allowances and donations, where applicable.
Type Code Amount of Exempt Income/ Loss
(see Appendix 1) S$
*
19a 19c 0
*
19b 19d 0
VIII Claim of Unutilised Capital Allowances/ Losses/ Donations in Current Year of Assessment (see Note 21 & 22)
(Yes = 1 No = 2)
Did the company claim Unutilised Capital Allowances/ Losses/ Donations in Part VII on Page 2? (see Note 20 & 21)
20
(If yes, please answer Box 20a and 20b)
20 2
20a Is there a change in the principal activities of the company during the basis period for the current YA? 20a 2
Is there a substantial change in the company's ultimate shareholders and their shareholdings as at the
20b
relevant dates?
20b 2
Unutilised Capital Allowances/ Losses/ Donations claimed under S23(5) and/or S37(16)
21
(To complete only if answer to Box 20b is "Yes")
21 0
Concessionary Rate (S$) Normal Rate (S$)
22 Unutilised Capital Allowances b/f 22a 22b 69,828
23 Unutilised Capital Allowances c/f 23a 23b 57,568
24 Unutilised Losses b/f 24a 24b 749,777
25 Unutilised Losses c/f 25a 25b 819,605
26 Unutilised Donations b/f 26a 26b 0
27 Unutilised Donations c/f 27a 27b 0
IX Other Information (Yes = 1 No = 2) If Yes: Give Details Amount (S$)
28 Income not previously reported 2
29 Receipts claimed as not taxable 2
(including real estate)
30 Expenses claimed on Non-Income Producing 2
Assets (included in Part VII on Page 2)
(see Note 23)
31 Deferred Expenditure claimed in Part VII on 2
Page 2
* If an amount is negative (i.e. net loss), enter an 'X' in the box.
IRIN 300/ZZ (1/2010)
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8. 30005
199402227C
X Capital Allowances/ Industrial Building Allowances on New Assets
(To complete if the company has purchased new assets during the year) S$
Cost of new assets purchased during the year on which capital allowances and/or industrial building allowances
32
are/ would be claimed 0
XI Deduction Claimed under Section 14Q for Expenditure on Renovation or Refurbishment Works (see Note 24)
(To complete if the company has claimed a deduction for expenditure on renovation or refurbishment works (R&R costs) on business premises under Section 14Q)
33 Qualifying R&R costs incurred during the year 0
Did the company claim a deduction on R&R costs incurred in excess of $150,000 during the relevant 3 consecutive basis
33a
periods? 2 (Yes = 1 No = 2)
Did the company cease the trade, profession or business for which a deduction on R&R costs was claimed during the
33b
current year? 2 (Yes = 1 No = 2)
XII Withholding Tax under Section 45/ 45A/ 45B/ 45D/ 45F/ 45GA
Was there any amount paid or payable to non-residents falling under Section 45/ 45A/ 45B/ 45D/ 45F/ 45GA of the Income
34
Tax Act that is not specifically exempt from withholding tax (e.g. under the Avoidance of Double Taxation Agreements, 2 (Yes = 1 No = 2)
Income Tax Act, Economic Expansion Incentives Act, etc.)?
34a If yes, did the company comply with the requirement to withhold tax on the payments? 2 (Yes = 1 No = 2)
34b If the company did not comply with the requirement to withhold tax, please state the reason(s):
Data as shown in the Audited/ Unaudited Accounts for the accounting year. All items must be completed. If not applicable, enter zero "0"
XIII
in the box.
S$
35 Revenue
31
35 48,400
36 Purchases
32
36 29,389
37 Gross Profit/ Loss 37 * 966
33
38 Inventories
34
38 102,258
39 Sales, General and Administrative Expenses
35
39 53,540
40 Directors' Fees and Directors' Remuneration
36
40 0
41 Head Office Expenses
37
41 0
42 Other Receivables
38
42 1,376
43 Trade Receivables
39
43 112,596
44 Trade Payables
40
44 777,970
45 Net Profit/ Loss before Taxation 45 X * 57,568
41
46 Total (Total of Box 35 to 45) 42 46 * 1,068,927
* If an amount is negative (i.e.net loss), enter an 'X' in the box.
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