v3.25.2
Income Tax (Tables)
3 Months Ended
Jun. 30, 2025
Income Taxes [Abstract]  
Schedule of Income Taxes in the PRC

Income taxes in the PRC consisted of:

 

   For The
Three Months Ended
June 30,
 
   2025   2024 
   US$   US$ 
         
Income tax expense   39,482    4,632 
Deferred income tax benefit   (9,670)   (5,365)
Total income tax expense (benefit)   29,812    (733)
Schedule of Reconciliation of the Statutory Tax Rate to the Effective Tax Rate

Below is a reconciliation of the statutory tax rate to the effective tax rate:

  

   For The
Three Months Ended
June 30,
 
   2025   2024 
PRC statutory income tax rates*   25.00%   25%
Non-deductible expenses   0.00%   (20.18)%
Preferential tax rate reduction   (19.17)%   93.52%
Change in valuation allowance   (0.21)%   (95.02)%
Actual income tax rate   5.63%   3.32%

 

*As the Company’s business operation mainly concentrated in PRC, the Company determined to apply PRC statutory tax rate in reconciliation of the statutory tax rate to the effective tax rate.
Schedule of Deferred Tax ssets

Deferred tax assets consisted of the following:

 

   As of 
   June 30,
2025
   March 31,
2025
 
   US$   US$ 
Land use right amortization  $98,291    91,714 
Appraisal appreciation   12,501    12,503 
Net operating losses carried forward in the PRC   17,261    15,931 
Net operating losses carried forward in the U.S.   224,472    221,318 
Totals   352,525    341,466 
Less: Valuation allowance   (241,733)   (237,249)
Deferred tax assets, net   110,792    104,217