Consolidated Statement of Changes in Partners (Deficit) Capital (USD $)	Total	Limited Partner [Member]	General Partner [Member]	Noncontrolling Interest [Member]
Partners capital (deficit) Opening Balance at Mar. 31, 2012	$ (17,518,033)	$ (19,124,560)	$ 1,519,586	$ 86,941
Net Income	13,780,173	12,427,408	125,530	1,227,235
Contributions write-off of related party debt	315,245	0	43,815	271,430
Distributions	(1,586,507)	0	0	(1,586,507)
Partners (deficit) capital Closing Balance at Dec. 31, 2012	$ (5,009,122)	$ (6,697,152)	$ 1,688,931	$ (901)

Total distributions to each class of partners (i.e., general, limited and preferred partners).

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- Definition

Total of Partners' Capital (deficit) items including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity.

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- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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+ Details

INDEPENDENCE TAX CREDIT PLUS LP III 10-Q