v3.25.1
Taxes (Tables) - HCYC Group Company Limited [Member]
 6 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Restructuring Cost and Reserve [Line Items]    
Schedule of Composition of Income Tax Expenses

The following table presents the composition of income tax expenses for the six months ended September 30, 2024 and 2023:

 

   2024   2023 
   For the six months ended September 30, 
   2024   2023 
   (Unaudited)   (Unaudited) 
         
Current income tax expense  $-   $- 
Income tax (benefits) expense   (11,538)   34,250 
Income tax expense benefits  $(11,538)  $34,250 

The following table presents the composition of income tax expenses for the years ended March 31, 2024 and 2023:

 

 

   2024   2023 
   For the Years Ended March 31, 
   2024   2023 
         
Current income tax expense  $-   $- 
Deferred income tax expense(benefits)   37,227    (83,131)
Income tax expense benefits  $37,227   $(83,131)
Schedule of Effective Income Tax Rate

The following table reconciles the Hong Kong statutory rates to the Company’s effective tax rate for the six months ended September 30, 2024 and 2023:

 

   2024   2023 
   For the six months ended September 30, 
   2024   2023 
Statutory HK income tax rate   8.25%   8.25%
Effect of rate differential   -6.34%   6.06%
Effect of tax relief   0.06%   0.89%
Effect of non-deductible items   -0.11%   0.13%
Effect of change in valuation allowance   -%   -1.80%
Effective tax rate (Unaudited)   1.86%   13.53%

The following table reconciles the Hong Kong statutory rates to the Company’s effective tax rate for the years ended March 31, 2024 and 2023:

 

 

   2024   2023 
   For the Years Ended March 31, 
   2024   2023 
Statutory HK income tax rate   8.25%   8.25%
Effect of rate differential   -%   0.09%
Effect of tax relief   -0.91%   -0.54%
Effect of non-deductible items   0.17%   -0.13%
Effect of change in valuation allowance   -6.74%   24.15%
others   66.39%   -%
Effective tax rate   67.16%   31.82%
Schedule of Deferred Tax Assets

Deferred tax assets are composed of the following:

 

   September 30, 2024   March 31, 2024 
   (Unaudited)     
Deferred tax assets derived from net operating loss (“NOL”) carry forwards  $57,980   $46,048 
Less: valuation allowance   -    - 
Total deferred tax assets  $57,980   $46,048 

Deferred tax assets are composed of the following:

 

 

   March 31, 2024   March 31, 2023 
         
Deferred tax assets derived from net operating loss (“NOL”) carry forwards  $46,048   $83,014 
Less: valuation allowance   -    - 
Total deferred tax assets  $46,048   $83,014