Income Taxes (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
| Income Taxes [Abstract] |
|
| Schedule of Components of the Provision for Income Taxes |
Significant
components of the provision for income taxes are as follows:
| | |
Year ended March 31 | |
| | |
2024 | | |
2025 | | |
2026 | | |
2026 | |
| | |
S$ | | |
S$ | | |
S$ | | |
US$ | |
| | |
| | |
| | |
| | |
| |
| Income tax expense comprised of the following: | |
| | | |
| | | |
| | | |
| | |
| Current income tax | |
| | | |
| | | |
| | | |
| | |
| Current year | |
| 70,500 | | |
| 36,098 | | |
| - | | |
| - | |
| (Over) under provision current taxation
in respect of prior year | |
| (46,935 | ) | |
| (24,719 | ) | |
| 112,225 | | |
| 87,042 | |
| | |
| 23,565 | | |
| 11,379 | | |
| 112,225 | | |
| 87,042 | |
| Deferred income tax | |
| | | |
| | | |
| | | |
| | |
| Current year | |
| | | |
| | | |
| 115,303 | | |
| 89,429 | |
| Under provision of deferred tax in respect of prior year | |
| 123,389 | | |
| 106,620 | | |
| 101,275 | | |
| 78,549 | |
| | |
| 146,954 | | |
| 117,999 | | |
| 328,803 | | |
| 255,020 | |
|
| Schedule of Effective Tax Rate |
A reconciliation
between the statutory tax rate to the effective tax rate are as follows:
| | |
Year ended March 31 | |
| | |
2024 | | |
2025 | | |
2026 | | |
2026 | |
| | |
S$ | | |
S$ | | |
S$ | | |
US$ | |
| | |
| | |
| | |
| | |
| |
| Income (loss) before tax | |
| 1,926,102 | | |
| 1,134,379 | | |
| (596,863 | ) | |
| (462,926 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Tax calculated at tax rate @17% (2025 and 2024: 17%) | |
| 327,437 | | |
| 192,844 | | |
| (101,467 | ) | |
| (78,698 | ) |
| Effects of: | |
| | | |
| | | |
| | | |
| | |
| - Tax effect on expense not deductible for tax purposes | |
| 24,666 | | |
| 31,396 | | |
| 686,515 | | |
| 532,461 | |
| - Income not subject to tax | |
| (102,789 | ) | |
| (28,000 | ) | |
| (448,078 | ) | |
| (347,529 | ) |
| - Singapore statutory stepped income exemption | |
| (17,425 | ) | |
| (17,425 | ) | |
| (11,857 | ) | |
| (9,196 | ) |
| -Tax rebate | |
| (38,000 | ) | |
| (36,097 | ) | |
| (5,503 | ) | |
| (4,268 | ) |
| - Under provision of deferred tax in respect of prior year | |
| - | | |
| - | | |
| 101,275 | | |
| 78,549 | |
| - Utilization of capital allowance | |
| - | | |
| - | | |
| (4,307 | ) | |
| (3,341 | ) |
| - (Over) under provision of current
taxation in respect of prior year | |
| (46,935 | ) | |
| (24,719 | ) | |
| 112,225 | | |
| 87,042 | |
| Tax charge | |
| 146,954 | | |
| 117,999 | | |
| 328,803 | | |
| 255,020 | |
| Effective tax rate | |
| 7.6 | % | |
| 10.4 | % | |
| (55.1 | )% | |
| (55.1 | )% |
|
| Schedule of Components of Deferred Tax Assets |
Significant
components of deferred tax assets are as follows:
| | |
As of March 31, | |
| | |
2025 | | |
2026 | | |
2026 | |
| | |
S$ | | |
S$ | | |
US$ | |
| | |
| | |
| | |
| |
| Property and equipment | |
| 419,360 | | |
| (133,232 | ) | |
| (103,335 | ) |
| Fair value gain on other investment | |
| 102,069 | | |
| 143,862 | | |
| 111,579 | |
| Allowance for credit losses | |
| 831,665 | | |
| 94,739 | | |
| 73,480 | |
| Allowance for inventory obsolescence | |
| 109,374 | | |
| 83,113 | | |
| 64,462 | |
| Deferred tax assets | |
| 1,462,468 | | |
| 188,482 | | |
| 146,186 | |
| At Singapore tax rate of 17% | |
| 248,620 | | |
| 32,042 | | |
| 24,852 | |
|