Schedule of Taxation in the Statement of Income |
Taxation in the statement of income represents:
| |
For the years ended March 31, | |
| |
2022 | | |
2023 | | |
2024 | | |
2024 | |
| |
HKD | | |
HKD | | |
HKD | | |
US$ | |
Hong Kong profits tax provision for the year: | |
| | |
| | |
| | |
| |
Current | |
| 1,739,988 | | |
| 1,181,056 | | |
| 2,817,000 | | |
| 359,959 | |
Deferred | |
| – | | |
| – | | |
| – | | |
| – | |
| |
| 1,739,988 | | |
| 1,181,056 | | |
| 2,817,000 | | |
| 359,959 | |
|
Schedule of Statutory Rates to Effective Tax Rate |
The following table reconciles Hong Kong statutory
rates to the Company’s effective tax rate:
| |
For the years ended March 31, | |
| |
2022 | | |
2023 | | |
2024 | | |
2024 | |
| |
HKD | | |
HKD | | |
HKD | | |
HKD | |
Income before tax | |
| 11,180,378 | | |
| 7,473,926 | | |
| 12,753,794 | | |
| 1,629,691 | |
Hong Kong statutory income tax rate | |
| 16.50 | % | |
| 16.50 | % | |
| 16.50 | % | |
| 16.50 | % |
Income tax expense computed at statutory rate | |
| 1,844,763 | | |
| 1,233,198 | | |
| 2,104,376 | | |
| 268,899 | |
Reconciling items: | |
| | | |
| | | |
| | | |
| | |
Non-deductible items in Hong Kong | |
| – | | |
| – | | |
| 272,376 | | |
| 34,804 | |
Non-taxable items in Hong Kong | |
| (94,775 | ) | |
| (46,142 | ) | |
| (608,034 | ) | |
| (77,695 | ) |
Under provision for prior year | |
| – | | |
| – | | |
| 1,051,282 | | |
| 134,334 | |
Tax credit | |
| (10,000 | ) | |
| (6,000 | ) | |
| (3,000 | ) | |
| (383 | ) |
Effective income tax expenses | |
| 1,739,988 | | |
| 1,181,056 | | |
| 2,817,000 | | |
| 359,959 | |
|