| Schedule of Taxation in the Statement of Income |
Taxation in the statement of income represents: | | | For the years ended March 31, | | | | | 2024 | | | 2025 | | | 2026 | | | 2026 | | | | | HKD | | | HKD | | | HKD | | | US$ | | | Hong Kong profits tax provision for the year: | | | | | | | | | | | | | | Current | | | 2,817,000 | | | | 2,256,487 | | | | 3,694,352 | | | | 471,218 | | | Deferred | | | – | | | | – | | | | (38,816 | ) | | | (4,951 | ) | | | | | 2,817,000 | | | | 2,256,487 | | | | 3,655,536 | | | | 466,267 | |
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| Schedule of Effective Tax Rate |
The following table reconciles Hong Kong statutory rates to the Company’s effective tax rate: | | | For the years ended March 31, | | | | | 2024 | | | 2025 | | | 2026 | | | 2026 | | | | | HKD | | | HKD | | | HKD | | | US$ | | | Income before tax | | | 12,753,794 | | | | 10,524,854 | | | | 20,346,111 | | | | 2,595,167 | | | Hong Kong statutory income tax rate | | | 16.50 | % | | | 16.50 | % | | | 16.50 | % | | | 16.50 | % | | Income tax expense computed at statutory rate | | | 2,104,376 | | | | 1,736,601 | | | | 3,357,109 | | | | 428,203 | | | Reconciling items: | | | | | | | | | | | | | | | | | | Non-deductible items in Hong Kong | | | 272,376 | | | | 1,025,705 | | | | 958,538 | | | | 122,262 | | | Non-taxable items in Hong Kong | | | (608,034 | ) | | | (504,319 | ) | | | (448,793 | ) | | | (57,244 | ) | | Two-tiered profits tax rates benefit | | | – | | | | – | | | | (165,000 | ) | | | (21,046 | ) | | Tax Effect of amortization of intangible assets acquired in business combination | | | – | | | | – | | | | (38,816 | ) | | | (4,951 | ) | | Under provision for prior year | | | 1,051,282 | | | | – | | | | 1,498 | | | | 191 | | | Tax credit | | | (3,000 | ) | | | (1,500 | ) | | | (9,000 | ) | | | (1,148 | ) | | Effective income tax expenses | | | 2,817,000 | | | | 2,256,487 | | | | 3,655,536 | | | | 466,267 | |
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