| Schedule of reconciliation between of the statutory tax rate to the effective tax rate |
A
reconciliation between of the statutory tax rate to the effective tax rate are as follows:
Schedule of reconciliation between of the statutory tax rate to the effective tax rate
| | |
| | |
| | |
| |
| | |
For Six Months Periods Ended October 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
US$ | |
| | |
Unaudited | | |
Unaudited | | |
Unaudited | |
| Loss before tax | |
| ) | |
| ) | |
| ) |
| Singapore income tax rate | |
| (17.0 | )% | |
| (17.0 | )% | |
| (17.0 | )% |
| Reconciling items: | |
| | | |
| | | |
| | |
| Non-deductible expenses | |
| 0.9 | % | |
| 1.0 | % | |
| 1.0 | % |
| Deferred tax assets on temporary differences not recognized | |
| 16.1 | % | |
| 16.0 | % | |
| 16.0 | % |
| Income not subject to tax | |
| | | |
| | | |
| | |
| Singapore Statutory stepped income exemption (Deductions under Section 14) | |
| | | |
| | | |
| | |
| Valuation allowance | |
| | | |
| | | |
| | |
| Effective tax rate | |
| - | | |
| - | | |
| - | |
|
A
reconciliation between of the statutory tax rate to the effective tax rate are as follows:
Schedule of reconciliation between of the statutory tax rate to the effective tax rate
| | |
2024 | | |
2025 | | |
2025 | |
| | |
Years Ended April 30, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
US$ | |
| | |
| | |
| | |
| |
| Loss before tax | |
| ) | |
| ) | |
| ) |
| Singapore income tax rate | |
| (17.0 | )% | |
| (17.0 | )% | |
| (17.0 | )% |
| Reconciling items: | |
| | | |
| | | |
| | |
| Non-deductible expenses | |
| 1.4 | % | |
| 4.7 | % | |
| 4.7 | % |
| Income not subject to tax | |
| - | | |
| - | | |
| - | |
| Singapore Statutory stepped income exemption (Deductions under Section 14) | |
| - | | |
| - | | |
| - | |
| Valuation allowance | |
| 15.6 | % | |
| 12.3 | % | |
| 12.3 | % |
| Effective tax rate | |
| - | | |
| - | | |
| - | |
|
| Schedule of deferred tax |
Significant
components of deferred tax were as follows:
Schedule of deferred tax
| | |
| | |
| | |
| |
| | |
As of, | |
| | |
April 30, 2025 | | |
October 31, 2025 | | |
October 31, 2025 | |
| | |
S$ | | |
S$ | | |
US$ | |
| | |
Audited | | |
Unaudited | | |
Unaudited | |
| Net operating loss carried forward | |
| 10,094,281 | | |
| 11,507,805 | | |
| 8,843,748 | |
| Deferred tax assets, gross | |
| 1,716,028 | | |
| 1,956,327 | | |
| 1,503,437 | |
| Valuation allowance | |
| (1,716,028 | ) | |
| (1,956,327 | ) | |
| (1,503,437 | ) |
| Deferred tax assets, net of valuation allowance | |
| - | | |
| - | | |
| - | |
|
Significant
components of deferred tax were as follows:
Schedule of deferred tax
| | |
2024 | | |
2025 | | |
2025 | |
| | |
Years Ended April 30, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
US$ | |
| Net operating loss carried forward | |
| 6,537,161 | | |
| 10,094,281 | | |
| 7,732,219 | |
| Deferred tax assets, gross | |
| 1,111,317 | | |
| 1,716,028 | | |
| 1,314,477 | |
| Valuation allowance | |
| (1,111,317 | ) | |
| (1,716,028 | ) | |
| (1,314,477 | ) |
| Deferred tax assets, net of valuation allowance | |
| - | | |
| - | | |
| - | |
|