v3.25.2
INCOME TAXES
 3 Months Ended
Jul. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 7 – INCOME TAXES

 

On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (“Tax Reform Act”). The legislation significantly changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a transition tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018.

 

The reconciliation of income tax benefit (expenses) at the U.S. statutory rate at 21% for the period ended as follows:

 

Reconciliation of income tax  July 31, 2025 
     
Tax benefit (expenses) at U.S. statutory rate  $(845)
Change in valuation allowance   845 
Tax benefit (expenses), net  $– 

 

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets are as follows:

 

Schedule of deferred taxes  July 31, 2025 
     
Net operating loss  $18,220 
Valuation allowance   (18,220)
Deferred tax assets, net  $– 

 

The Company has accumulated approximately $86,760 of net operating losses (“NOL”) carried forward to offset future taxable income up to 20 years, if any, in future years which begin to expire in year 2038. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.