v3.26.1
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