v3.25.2
INCOME TAX PROVISION
 3 Months Ended
May 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAX PROVISION

NOTE 8 – INCOME TAX PROVISION

 

As of May 31, 2025, the Company had net operating loss (“NOL”) carry–forwards for Federal income tax purposes of $65,026 that may be offset against future taxable income through 2040.  No tax benefit has been recorded with respect to these net operating loss carry-forwards in the accompanying financial statements as the management of the Company believes that the realization of the Company’s net deferred tax assets of approximately $13,655 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by the full valuation allowance.

 

Deferred tax assets consist primarily of the tax effect of NOL carry-forwards which was used to offset tax payable from prior year’s operations. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realization. The current valuation of tax allowance is not applicable as of May 31, 2025.

 

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Components of deferred tax assets are as follows:

 

 

 

  

Three Months Ended May 31, 2025

 

  

 

  

Year Ended February 28, 2025

 

               
Net Deferred Tax Asset Non-Current:              
Net Operating Loss Carry-Forward   $ 65,026       $ 33,500  
Effective tax rate x   21 %    x   21 %
Expected Income Tax Benefit from NOL Carry-Forward     13,655         7,035  
Less: Valuation Allowance     (13,655)         (7,035)  
Deferred Tax Asset, Net of Valuation Allowance   $ -       $ -

 

 

 

The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the three months ended May 31, 2025 and the year ended February 28, 2025 as follows:

 

 

Three Months Ended

May 31, 2025

  

Year Ended

February 28, 2025

           
Computed “expected” tax expense (benefit) $ (6,620)   $ (4,758)
Change in valuation allowance $ 6,620   $ 4,758
Actual tax expense (benefit) $ -   $ -