PROVISION FOR INCOME TAXES	12 Months Ended
Feb. 28, 2013
PROVISION FOR INCOME TAXES
PROVISION FOR INCOME TAXES	6. PROVISION FOR INCOME TAXES The Company has no obligation for any federal or state income taxes in the United States. Further, no provision has been made for taxes in South Africa, which has a corporate income tax rate of 28%, for the years ended February 28, 2013 and February 29, 2012 because our taxable losses and loss carryovers exceed the income in those years. At February 28, 2013 and February 29, 2012, respectively, the Company had net losses of approximately $524,559 and $379,175 available in South Africa that can be carried forward to offset future taxable income. Due to the uncertainty of future taxable income, the Company has recorded a valuation allowance of 100% of the deferred tax asset, so that our deferred tax asset at both February 28, 2013 and February 29, 2012 was $0.

PROVISION FOR INCOME TAXES

12 Months Ended

Feb. 28, 2013

6. PROVISION FOR INCOME TAXES

The  Company has no  obligation  for any  federal or state  income  taxes in the

United  States.  Further,  no provision has been made for taxes in South Africa,

which has a corporate  income tax rate of 28%, for the years ended  February 28,

2013 and February 29, 2012 because our taxable losses and loss carryovers exceed

the  income  in those  years.  At  February  28,  2013 and  February  29,  2012,

respectively,  the Company had net losses of approximately $524,559 and $379,175

available in South Africa that can be carried  forward to offset future  taxable

income.  Due to the  uncertainty  of future  taxable  income,  the  Company  has

recorded a valuation  allowance of 100% of the  deferred tax asset,  so that our

deferred tax asset at both February 28, 2013 and February 29, 2012 was $0.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 43, 44, 45, 46, 47, 48, 49

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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+ Details

Earn-A-Car Inc. 10-K/A