v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Mar. 31, 2026
INCOME TAXES  
Schedule of reconciliation of income tax at the U.S. federal statutory rate to the effective income tax

 

 

Mar 31, 2026

 

 

Mar 31, 2025

 

 

 

($)

 

 

($)

 

Reconciliation of effective income tax:

 

 

 

 

 

 

   Income (loss) before income taxes

 

 

2,123

 

 

 

(6,769)

   Income tax at U.S. statutory rate (21%)

 

 

446

 

 

 

(1,421)

   Foreign rate differential — Hong Kong (8.25%)

 

 

(271)

 

 

863

 

   Change in valuation allowance and utilization of tax losses

 

 

(175)

 

 

558

 

   Income tax expense

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Components of deferred tax assets:

 

 

 

 

 

 

 

 

   Hong Kong tax loss carryforwards

 

 

10,755

 

 

 

11,014

 

   U.S. net operating loss carryforwards

 

 

1,137

 

 

 

-

 

   Valuation allowance

 

 

(11,892)

 

 

(11,014)

   Net deferred tax asset

 

 

-

 

 

 

-