v3.26.1
INCOME TAX
 12 Months Ended
Apr. 30, 2026
Income Tax Disclosure [Abstract]  
INCOME TAX

13. INCOME TAX

 

The income and loss from operation before income tax of the Company comprised of the following:

  

   Year ended
April 30, 2026		  

From January 20, 2025
(Date of Inception) to
April 30, 2025

 
Tax jurisdiction from:          
- United States of America  $(5,164)  $(1,247)
- Malaysia   (18,458)   (195)
Income / (loss) from operation before income tax  $(23,622)  $(1,442)

 

 

United States of America

 

The Company is registered in the State of Nevada and is subject to United States of America tax law. As of April 30, 2026, the operations in the United States of America incurred $6,412 of cumulative net operating losses (NOL’s) which can be carried forward to offset future taxable income. The NOL carry forwards begin to expire in 2046, if unutilized. The Company has provided for a full valuation allowance of approximately $1,346 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.

 

Malaysia

 

With effect from year of assessment 2024, tax payers will be subject to a 24% tax rate if a foreigner owns more than 20% shareholding in the Company. As of April 30, 2026, the operations in Malaysia incurred $18,652 of cumulative net operating losses (NOL’s) which can be carried forward to offset future taxable income. The net operating loss can be carried forward for seven years. The Company has provided for a full valuation allowance against the deferred tax assets of $4,477 on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.

 

The following table sets forth the significant components of the aggregate deferred tax assets of the Company:

  

   As of
April 30, 2026		   As of
April 30, 2025		 
Deferred tax assets:          
- United States of America  $1,346   $262 
- Malaysia   4,477    47 
Less: valuation allowance  $(5,823)  $(309)
Deferred tax assets   -    - 

 

Management believes that it is more likely that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided for a full valuation allowance against its deferred tax assets of $5,823 as of April 30, 2026 and $309 as of April 30, 2025.