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

INCOME TAXES (Details 3)

v3.5.0.1
INCOME TAXES (Details 3)
12 Months Ended
Mar. 31, 2016
USD ($)
Mar. 31, 2016
CNY (¥)
Mar. 31, 2015
CNY (¥)
Mar. 31, 2014
CNY (¥)
INCOME TAXES        
PRC statutory income tax rate (as a percent) 25.00% 25.00% 25.00% 25.00%
Difference between actual income tax expense and amount computed by applying the PRC statutory income tax rate to earnings (loss) before income taxes        
Computed "expected" income tax expense   ¥ 11,243,167 ¥ 8,157,716 ¥ 11,792,976
Increase (decrease) in valuation allowance   16,146,033 1,307,368 737,572
Preferential income tax rate   (7,911,837) (4,922,088) (6,208,364)
Entities not subject to income tax   3,502,469 2,100,188 2,018,962
Non-deductible expenses        
Entertainment   792,099 1,225,250 972,624
Share-based compensation   2,291,206 1,777,829 2,633,728
Bad debt loss   (31,963) 1,383,597 462,751
Impairment of ETS TOEIC license       3,002,364
Tax rate differential   (3,974,403) 5,629,196 (4,213,407)
Dividend withholding tax       11,300,000
Additional deduction of research and development costs   (4,900,698) (8,489,742) (2,805,937)
Other   1,765,406 1,405,832 202,193
Total income tax expense $ 2,934,473 ¥ 18,921,479 ¥ 9,575,146 ¥ 19,895,462