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EX-32.1 - SARBANES-OXLEY 906 CERTIFICATION - CHIEF EXECUTIVE AND CHIEF FINANCIAL OFFICER. - MONAR INTERNATIONAL INC.exh32-1.htm
EXCEL - IDEA: XBRL DOCUMENT - MONAR INTERNATIONAL INC.Financial_Report.xls
XML - IDEA: XBRL DOCUMENT - MONAR INTERNATIONAL INC.R6.htm
XML - IDEA: XBRL DOCUMENT - MONAR INTERNATIONAL INC.R1.htm
XML - IDEA: XBRL DOCUMENT - MONAR INTERNATIONAL INC.R9.htm
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10-K - MONAR INTERNATIONAL INC. FORM 10-K (7/31/2012). - MONAR INTERNATIONAL INC.mnai10k-7312012.htm
XML - IDEA: XBRL DOCUMENT - MONAR INTERNATIONAL INC.R10.htm
EX-31.1 - SARBANES-OXLEY 302 CERTIFICATION - PRINCIPAL EXECUTIVE AND PRINCIPAL FINANCIAL OFFICER. - MONAR INTERNATIONAL INC.exh31-1.htm
v2.4.0.6
NOTE 6 - INCOME TAXES
12 Months Ended
Jul. 31, 2012
Income Tax Disclosure [Text Block]
NOTE 6 – INCOME TAXES

The Company has tax losses that may be applied against future taxable income. The potential tax benefits arising from these loss carry forwards, which expire beginning the year 2030, are offset by a valuation allowance due to the uncertainty of profitable operations in the future.  During the years ended July 31, 2012 and 2011, the Company had net operating losses of $124,453 and $72,742. The cumulative net operating loss carry forward as of July 31, 2012 was $241,846. The statutory tax rate for fiscal years 2012, 2011 and 2010 is 34%. The significant components of the deferred tax asset as of July 31, 2012 and 2011 are as follows:

   
2012
 
2011
 
       
Net operating loss carry forwards
$
84,646
$
41,088
Less: Valuation allowance
 
(84,646)
 
(41,088)
Net deferred tax asset
$
-
$
-