v3.25.2
Income Taxes (Tables)
6 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Components of Income Tax The components of the income tax provision are as follows:
   For the
Six Months Ended
December 31,
 
   2024   2023 
Current income tax provision  $139,982   $155,325 
Deferred income tax benefit   
-
    (10,617)
Total  $139,982   $144,708 
Schedule of Reconciles the Statutory Rate to the Company’s Effective Tax Rate

The following table reconciles the statutory rate to the Company’s effective tax rate for the six months ended December 31, 2024 and 2023:

 

 

   For the Six Months Ended December 31, 
   2024   2023 
China Statutory income tax rate   25.0%   25.00%
Temporary difference   
-
    25.73%
Permanent difference   0.21%   (0.37)%
Effect of different tax jurisdiction   2.33%   14.75%
Effect of favorable tax rates on small-scale and low-profit entities   4.52%   0.43%
Valuation allowance   (26.87)%   (42.13)%
Effective tax rate   5.19%   (6.09)%
Schedule of the Deferred Tax Assets
   As of
December 31,
   As of
June 30,
 
   2024   2024 
Deferred tax assets:        
Net operating loss carry forwards  $2,863,972   $2,913,175 
Allowance for credit loss   2,529,094    3,219,545 
Total deferred tax assets   5,393,066    6,132,720 
Valuation allowance   (5,393,066)   (6,132,720)
Total deferred tax assets, net  $
-
   $
-