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INCOME TAX

6 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 16. INCOME TAX

The Company is not subject to any income taxes in the United States or the Cayman Islands and had minimal operations in jurisdictions other than the PRC. BHD and Nanjing Recon are subject to PRC’s income taxes as PRC domestic companies. For the calendar years 2012 and 2013, Nanjing Recon is subject to an income tax rate of 15%.

As approved by the domestic tax authority in the PRC, BHD was recognized as a government-certified high technology company on November 25, 2009 and is subject to an income tax rate of 15% through November 2015.

Deferred tax assets are comprised of the following:

		June 30,  2013			December 31,  2013			December 31,  2013
		RMB			RMB			U.S. Dollars
Allowance for doubtful receivables		¥	1,006,721		¥	1,038,932		$	170,027
Total deferred income tax assets		¥	1,006,721		¥	1,038,932		$	170,027

The Company’s tax provision (benefit) is comprised of the following:

		For the three months ended December 31,
		2012			2013			2013
		RMB			RMB			U.S. Dollars
Current income tax provision		¥	448,908		¥	1,295,941		$	212,088
Deferred income taxes benefit			(25,600)			(44,079)			(7,214)
Provision for income tax		¥	423,308		¥	1,251,862		$	204,874

		For the six months ended December 31,
		2012			2013			2013
		RMB			RMB			U.S. Dollars
Current income taxes		¥	448,908		¥	1,491,400		$	244,076
Deferred income taxes provision (benefit)			6,024			(32,211)			(5,272)
Provision for income tax		¥	454,932		¥	1,459,189		$	238,804

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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 Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

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

-Publisher FASB

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-Section S99

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-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

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-Section 50

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-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

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-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319



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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

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-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

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