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EX-21 - LIST OF SUBSIDIARIES - Sur Ventures, Inc.surventures21.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE AND FINANCIAL OFFICER REQUIRED BY RULE 13A-14(A) OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - Sur Ventures, Inc.surventures311.htm
EXCEL - IDEA: XBRL DOCUMENT - Sur Ventures, Inc.Financial_Report.xls
10-K - SUR VENTURES FORM 10-K 9/30/12 - Sur Ventures, Inc.surventuresform10k093012.htm
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EX-31.2 - CERTIFICATION OF PRINCIPAL EXECUTIVE AND FINANCIAL OFFICER, PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - Sur Ventures, Inc.surventures321.htm
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PROVISION FOR INCOME TAXES
12 Months Ended
Sep. 30, 2012
Income Tax Disclosure [Text Block]
8.   PROVISION FOR INCOME TAXES

Deferred income taxes are reported using the liability method. Deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

As of September 30, 2012 and 2011, the Company had federal net operating loss carryforwards of approximately ($195,000) and ($204,000), respectively, which can be used to offset future federal income tax. The federal and state net operating loss carryforwards expire at various dates through 2032. Deferred tax assets resulting from the net operating losses are reduced by a valuation allowance, when, in the opinion of management, utilization is not reasonably assured.

A summary of the Company’s deferred tax assets as of September 30, 2012 and 2011 are as follows:

      2012     2011  
  Federal net operating loss (at 34% and 34%, respectively)   $ 66,607     $ 69,158  
  State net operating loss (at 8.4% and 8.4%, respectively)      16,456       17,086  
  Less: valuation allowance      (83,063 )     (86,244 )
                   
  Net deferred tax assets   $ -     $ -  

The valuation allowance decreased by $3,181 and increased by $45,299 for the years ended September 30, 2012 and 2011, respectively.  A portion of the valuation was applied against taxable income for the year ended September 30, 2012.