v3.25.2
Taxes Payable (Tables)
 12 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of current and deferred portions of income tax expense

The current and deferred portions of income tax expense included in the consolidated statements of income were as follows:

 

   2025   2024 
   For the years ended March 31 
   2025   2024 
Current  $(53,048)  $— 
Deferred   —    

27,273

Income tax expense – Continuing operations  $(53,048)  $

27,273

 
Schedule of reconciliation between statutory income tax and effective tax

   2025   2024   2023 
   For the years ended March 31, 
   2025   2024   2023 
Income before income taxes  $(2,925,989)  $(5,212,305)  $(2,468,891)
Tax rate   25%   25%   25%
Provision for income taxes at statutory tax rate  $(731,497)  $(1,303,076)  $(617,223)
Effect of tax-exempt entity   294,740    23,825    557,311 
Effect of pervious year over-paid tax expenses   —    —    — 
Effect of non-tax deductible expenses and loss   166    25    9 
Effect of deductible prior year loss   —    —    (11,010)
Effect of tax loss not recognized   37,488    187,292    117,671 
Effect of pervious year over-accrued tax expenses   

—

    

—

    — 
Effect of investment income(loss)not recognized   (2,768)   271   3,725
Effect of impairment not recognized   454,919    1,064,390    76,649 
Income tax expense  $53,048   $(27,273)  $127,132 
                
Deferred tax assets  $1,580,716   $1,195,951   $194,711 
Valuation allowance   (1,580,716)   (1,195,951)   (194,711)
Deferred tax assets, net   —    —    — 
Deferred tax liability   —    —    28,241 
   $—   $—   $28,241 
Schedule of taxes payable

Taxes payable consisted of the followings:

 

   2025   2024 
   As of March 31, 
   2025   2024 
Income tax payable  $216,539   $189,588 
VAT payable   2,591    3,889 
Other tax payables   2,263    — 
Total – Continuing operations  $221,393   $193,477 
           
Tax payable – Discontinued operations   —    1,082