v3.26.1
INCOME TAX (Tables)
12 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE

The components of income tax expense were as follows:

   2024   2025   2026 
   For the Years Ended March 31, 
   2024   2025   2026 
   US$   US$   US$ 
             
Current income tax   1,051,644    853,048    193,117 
Over provision of current taxation in respect of prior year   (5,508)   (26,782)   (29,659)
Deferred income tax   (625)   (340)   (7,750)
Income tax expense   1,045,511    825,926    155,708 
SCHEDULE OF RECONCILIATION OF TOTAL INCOME TAX RATE TO THE EFFECTIVE INCOME TAX RATE

The reconciliation of total income tax rate to the effective income tax rate based on income before income taxes for the years ended Mar 31, 2024, 2025 and 2026 are as follows:

   2024   2025   2026 
   For the Years Ended March 31, 
   2024   2025   2026 
   US$   US$   US$ 
             
Income before tax expenses:   5,999,995    4,668,811    (1,160,962)
                
Tax at Singapore statutory rate of 17%*   1,019,999    793,698    (197,364)
Tax effect of expenses that are not deductible in determining taxable profit   26,989    51,953    140,479 
Non-taxable income   (26,850)   (21,389)   (19,560)
Current year loss for which deferred tax asset is not recognized   19,080    -    - 
Tax exemption   (12,959)   (15,052)   (36,908)
Overprovision current taxation in respect of prior year   (5,508)   (26,782)   (29,659)
Overprovision of deferred tax assets for prior year   (102)   -    - 
Effect of Different Tax Rates in Other Jurisdiction   -    43,498    307,574 
Others   24,862    -    - 
Reversal arising from amortization of acquired customer relationship intangible assets   -    -    (8,854)
Income tax  expense   1,045,511    825,926    155,708 

 

*The Company has reconciled to the Singapore statutory tax rate of 17% to reflect the location of the Company’s operating activities and rather than reconciling to Cayman Islands statutory tax rate of 0%.