NETSOL Technologies, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Accounting Policies, by Policy (Policies)
Notes Tables
Notes Details

Note 16 - Income Taxes (Tables)

v2.4.0.8

Note 16 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Years Ended June 30,
		2013			2012
US operations		(2,878,018	)		(3,614,853	)
Foreign operation		15,431,499			10,406,380
	$	12,553,481		$	6,791,527

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Years Ended June 30,
	2013		2012
Current:
Federal	$	-	$	-
State and Local		-		-
Foreign		465,426		55,384

Deferred:
Federal		-		-
State and Local		-		-
Foreign		-		-
Provision for income taxes	$	465,426	$	55,384

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Years Ended June 30,
	2013					2012
Income taxes at statutory rate		4,268,184		34.0	%		2,309,119		34.0	%
State income (benefit) taxes, net of federal tax benefit		(114,630	)	-0.91	%		418,384		6.2	%
Foreign earnings taxed at different rates		(4,781,284	)	-38.1	%		(3,615,004	)	-53.2	%
Change in valuation allowance for deferred tax assets		1,056,139		8.4	%		356,979		5.3	%
Other		37,017		0.3	%		585,906		8.6	%
Provision for income taxes		465,426		3.7	%		55,384		0.82	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	Years Ended June 30,
	2013			2012
Net operating loss carry forwards	$	11,396,640		$	10,493,537
Other		182,987			29,951
Net deferred tax assets		11,579,627			10,523,488
Valuation allowance for deferred tax assets		(11,579,627	)		(10,523,488	)
Net deferred tax assets	$	-		$	-

Schedule Of Deferred Tax Assets By Location [Table Text Block]

Components of deferred tax asset - Pakistan
	Years Ended June 30,
	2013			2012
Net operating loss carry forwards	$	615,324		$	619,549
Total deferred tax assets		215,363			216,842
Less: valuation allowance		(215,363	)		(216,842	)
Net deferred tax asset	$	-		$	-

Components of deferred tax asset - UK
	Years Ended June 30,
	2013			2012
Net operating loss carry forwards	$	278,993		$	438,900
Total deferred tax assets		83,698			131,670
Less: valuation allowance		(83,698	)		(131,670	)
Net deferred tax asset	$	-		$	-

- Definition

Schedule Of Deferred Tax Assets By Location [Table Text Block]

+ References

No definition available.

+ Details

Name:	ntwk_ScheduleOfDeferredTaxAssetsByLocationTableTextBlock
Namespace Prefix:	ntwk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

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

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

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

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h)(1)(i))

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

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration