The
income tax expense for the year can be reconciled to the loss for the year per the consolidated statement of profit or loss and other
comprehensive income as follows:
SCHEDULE
OF CURRENT INCOME TAXES
| | |
Year ended | | |
Year ended | | |
Year ended | |
| | |
31 March 2025 | | |
31 March 2024 | | |
31 March 2023 | |
| | |
USD | | |
USD | | |
USD | |
| Loss before taxation | |
| (5,212,879 | ) | |
| (4,862,470 | ) | |
| (9,257,598 | ) |
| | |
| | | |
| | | |
| | |
| Notional tax calculated at the rates applicable to profits in the tax jurisdictions concerned | |
| (381,348 | ) | |
| (821,825 | ) | |
| (1,555,403 | ) |
| Tax effect of expenses that are not deductible | |
| 215,019 | | |
| 405,775 | | |
| 451,111 | |
| Tax effect of income that are not taxable | |
| - | | |
| (676,665 | ) | |
| - | |
| Tax effect of tax losses not recognized | |
| 166,329 | | |
| 1,092,715 | | |
| 1,104,292 | |
| Under-provision in prior years | |
| - | | |
| 8,917 | | |
| - | |
| Income tax expense | |
| - | | |
| 8,917 | | |
| - | |
|