v3.23.2
INCOME TAXES
 12 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 7 – INCOME TAXES

 

The components of the Company’s provision for Federal income tax for the year ended June 30, 2023 and period from inception (June 9, 2022) to June 30, 2022 consists of the following:

 

Schedule of income tax expense 

Year ended

June 30,

2023

   For the period
from inception
(June 9, 2022) to June 30, 2022		 
Federal income tax benefit attributable to:          
Current Operations  $25,668   $200 
Less: valuation allowance   (25,668)   (200)
Net provision for Federal income taxes  $–   $– 

  

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

 

Schedule of deferred tax assets 

Year ended

June 30,

2023

   For the period
from inception
(June 9, 2022) to
June 30, 2022		 
Deferred tax asset attributable to:          
Net operating loss carryover  $5,390   $42 
Less: valuation allowance   (5,390)   (42)
Net deferred tax asset  $–   $– 

 

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $5,390 as of June 30, 2023 and $42 as of June 30, 2022, for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.