v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF PROVISION FOR INCOME TAXES

The provision for income taxes consisted of the following:

  

              
   Years ended March 31, 
   2024   2025   2026   2026 
   HKD   HKD   HKD   USD 
                 
Current tax  $-   $1,172   $-   $- 
Deferred tax   -    -    -    - 
                     
Income tax expense  $-   $1,172   $-   $- 
SCHEDULE OF RECONCILIATION OF EFFECTIVE INCOME TAX RATE

The reconciliation of the differences between income tax expense computed at the Hong Kong income tax rate of 16.5% and the Company’s income tax expense recorded for the years ended March 31, 2024, 2025 and 2026 are as follows:

  

                          
   Years ended March 31, 
   2024   2025   2026 
   HKD   % of Pre-tax income   HKD   % of Pre-tax income   HKD   USD   % of Pre-tax income 
                             
Tax at statutory tax rate  $(963,642)   16.5%  $(4,582,368)   16.5%  $(4,507,737)  $(577,915)   16.5%
Items not subject to taxes   (10,398)   0.2%   (235,824)   0.8%   (108,130)   (13,863)   0.4%
Items not deductible from tax   33,264    (0.6)%   9,265    (0.0)%   986,288    126,447    (3.6)%
Temporary differences   4,997    (0.0)%   2,750    (0.0)%   2,842    364    (0.0)%
Tax loss utilized   -    -%   -    -%   (23,901)   (3,064)   0.1%
Valuation allowance   587,023    (10.1)%   2,635,004    (9.5)%   3,225,791    413,563    (11.8)%
Income tax rate differential(i)   348,756    (6.0)%   2,171,173    (7.8)%   424,847    54,468    (1.6)%
Under-provision from prior years   -    -%   1,172    0.0%   -    -    -%
Income tax expense and effective tax rate  $-    0.0%  $1,172    0.0%  $-   $-    0.0%

 

(i)Represents the foreign income tax rate differential when compared to Hong Kong income tax rate for the years ended March 31, 2024, 2025 and 2026.
SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS

The following table sets forth the significant components of the deferred tax assets of the Company as of March 31, 2025 and 2026:

  

 

              
   As of March 31, 
   2025   2026   2026 
   HKD   HKD   USD 
Deferred tax assets:               
Net operating loss carryforwards from:               
Hong Kong  $3,798,573   $5,788,708   $742,142 
Singapore   212,305    188,403    24,154 
Less: valuation allowance   (4,010,878)   (5,977,111)   (766,296)
                
Deferred tax assets  $-   $-   $-