v3.25.2
Income Taxes (Tables)
12 Months Ended
Mar. 31, 2025
Income Taxes [Abstract]  
Schedule of Income Tax Expenses

For the years ended March 31, 2025, 2024 and 2023, income tax expenses consisted of the following: 

 

   For the years ended March 31, 
   2025   2024   2023 
             
Current income tax provision  $
         -
   $
         -
   $
        -
 
Deferred income tax provision   
-
    
-
    
-
 
Total income tax  $
-
   $
-
   $
-
 
Schedule of Reconciliation of Income Tax Expense

The following is a reconciliation of the Company’s total income tax expense to the amount computed by applying the PRC statutory income tax rate of 15% to its income from operations before income taxes for the years ended March 31, 2025, 2024 and 2023.

 

   For the years ended March 31, 
   2025   2024   2023 
             
Loss before income taxes  $(3,303,652)  $(3,098,532)  $(5,934,772)
Income tax expense at the PRC statutory rate   (495,548)   (404,481)   (653,066)
Non-deductible expenses   239,939    54,477    226,003 
Deductible research and development expenses   (46,707)   (27,629)   (29,497)
Deferred tax provision   (1,441,907)   (1,250,105)   (876,804)
Valuation allowance for deferred tax assets   1,441,907    1,250,105    876,804 
Effect of income tax rate differences in jurisdictions other than the PRC   302,316    377,633    456,560 
Total income tax expenses  $
-
   $
-
   $
-
 
Schedule of Deferred Income Tax Assets and Liabilities Significant components of the Company’s deferred income tax assets and liabilities consist of follows:
   As of March 31, 
   2025   2024 
         
Tax loss carry forward  $901,032   $905,574 
Credit loss provision for doubtful account - accounts receivable   312,366    261,656 
Credit loss provision for doubtful account – other receivable and other current assets   69,979    70,854 
Impairment provision for inventory   8,462    12,021 
Impairment provision for long-term deposit   150,068    
-
 
Valuation allowance for deferred tax assets   (1,441,907)   (1,250,105)
Total  $
-
   $
-