v3.26.1
Provision for Income Taxes (Tables)
12 Months Ended
Mar. 31, 2026
Provision for Income Taxes [Abstract]  
Schedule of Cash Paid for Income Taxes

The current and deferred portions of the income tax expenses included in the consolidated statements of operations as determined in accordance with ASC 740 are as follows:

 

   March 31, 
   2026   2025   2024 
Current taxes  $20,629   $294,179   $291,282 
Deferred taxes   (109,595)   
    42,789 
Income tax (benefit) expenses  $(88,966)  $294,179   $334,071 
Schedule of Reconciles Statutory Rate to Effective Tax Rate

As previously disclosed for the years ended March 31, 2025 and 2024, prior to the adoption of ASU 2023-09, a reconciliations of the differences between the Hong Kong statutory income tax rate and the Company’s effective income tax rate are as follows:

 

   March 31, 
   2025   2024 
Hong Kong statutory income tax rate   16.50%   16.50%
– Non-taxable income   (0.10)%   (0.10)%
– Non-deductible expenses   0.99%   0.16%
– Temporary difference not recognized   (0.90)%   0.12%
– Tax reduction   (0.01)%   (0.02)%
– Income tax at concessionary rate   (1.11)%   (0.99)%
Effective tax rate   15.37%   15.67%
The following table presents the Company’s income tax rate reconciliation as required by ASU No. 2023-09 for the year ended March 31, 2026. See Note 2 for additional details regarding the adoption of ASU No. 2023-09.
   March 31, 
   2026 
   Amount    Percentage 
Statutory income tax rate  $(598,318)   16.50%
Foreign tax effect:          
Chinese Mainland statutory rate differential   (2,637)   0.07%
Chinese Mainland preferential tax rate   (82,517)   2.28%
Nontaxable or nondeductible items:          
Nontaxable income   (16,879)   0.47%
Nondeductible expenses   523,407    (14.44)%
Change in valuation allowance   87,978    (2.43)%
Effective tax rate  $(88,966)   2.45%
Schedule of Cash Paid for Income Taxes

The amount of cash paid for income taxes for the year ended March 31, 2026 is as follows:

 

   March 31, 
   2026 
Hong Kong  $84,258 
Chinese Mainland   8,026 
Total   $92,284 
Schedule of Deferred Tax Asset and Liability Components of the Company’s deferred tax asset and liability are as follows:
   March 31, 
   2026   2025 
Deferred tax asset:        
Tax loss carryforwards  $87,978   $
      -
 
Gross deferred tax asset   87,978    
-
 
Valuation allowance   (87,978)   
-
 
Total deferred tax asset   
-
    
-
 
Deferred tax liability:          
Intangible asset   (474,912)   
-
 
Gross deferred tax liability   (474,912)   
-
 
Deferred tax liability, net  $(474,912)  $
-