Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

INCOME TAXES (Details 5)

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INCOME TAXES (Details 5) (CNY)
 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Movements of the valuation allowance      
Balance at the beginning of the year 921,751 1,657,524 3,693,312
Additions from Xing Wei Group acquisition 915,864    
Additions of valuation allowance excluding acquisition 737,572    
Reduction of valuation allowance   (735,773) (2,035,788)
Balance at the end of the year 2,575,187 921,751 1,657,524
Valuation allowance and loss carry forwards      
Valuation allowance 2,575,187 921,751 1,657,524
Additional disclosures      
Unrecognized tax benefits 0 0 0
Interest and penalties recorded 0 0 0
Period of statute of limitations, if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent 3 years    
Period of statute of limitations, if the underpayment is more than RMB 100,000 5 years    
Minimum amount of underpayment of taxes for statute of limitations to be extended to five years 100,000    
Period of statute of limitations for transfer pricing issues 10 years    
PRC
      
Valuation allowance and loss carry forwards      
Tax loss carry forwards for PRC income tax purpose 18,577,405    
PRC | December 31, 2014
      
Valuation allowance and loss carry forwards      
Tax loss carry forwards for PRC income tax purpose 0    
PRC | December 31, 2015
      
Valuation allowance and loss carry forwards      
Tax loss carry forwards for PRC income tax purpose 2,237,578    
PRC | December 31, 2016
      
Valuation allowance and loss carry forwards      
Tax loss carry forwards for PRC income tax purpose 0    
PRC | December 31, 2017
      
Valuation allowance and loss carry forwards      
Tax loss carry forwards for PRC income tax purpose 508,730    
PRC | December 31, 2018
      
Valuation allowance and loss carry forwards      
Tax loss carry forwards for PRC income tax purpose 5,921,488    
PRC | December 31, 2019
      
Valuation allowance and loss carry forwards      
Tax loss carry forwards for PRC income tax purpose 9,909,609