v3.26.1
Income tax expense
 12 Months Ended
Mar. 31, 2026
Notes and other explanatory information [abstract]  
Income tax expense

 

27. Income tax expense
   

 Schedule of income tax expense

   2026   2025   2024 
   USD   USD   USD 
             
Estimated tax payable:               
Current financial year   19,623    74,319    - 
Over provision for prior years   (13,779)        - 
                
 Tax payable for the current year   5,844    74,319    - 
                
Deferred tax (Note 19):               
Current financial year   (1,520)   -    - 
Under provision in prior years   813    21,243    (7,414)
                
Income tax credit/(expense)   5,137    95,562    (7,414)

 

A reconciliation of income tax credit applicable to loss before tax at the applicable statutory income tax rate to income tax expense at the effective income tax rate of the Group is as follows:

 

 Schedule of reconciliation of income tax credit

   2026   2025   2024 
   USD   USD   USD 
             
Loss before tax   (2,081,318)   (2,529,176)   (2,398,575)
                
Taxation at statutory rate of 24% (2025: 24%; 2024: 24%)   (499,516)   (607,002)   (575,658)
Tax effects of:               
Non-taxable income   

(181,700

)   -    (1,089)
Expenses not deductible   

378,399

    275,376    500,620 
Deferred tax not recognized   

320,920

    

427,188

    

68,713

 
Over provision of current tax in prior years   

(13,779

)   -   

-

Under provision of deferred tax in prior years   813    

-

    

-

 
                
Income tax credit/(expense)   5,137    95,562    (7,414)

 

At the end of the reporting period, the estimated amount of deductible temporary differences, unabsorbed capital allowances and unutilised tax losses of the Group, for which the deferred tax assets have not been recognised in the financial statements due to uncertainty of their realisation, is as follows:

 

 Schedule of estimated amount of temporary differences

    2026     2025     2024  
    USD     USD     USD  
                   
Temporary differences arising from:                        
Property, plant and equipment     (567,764)        (562,155 )     (779,847 )
Right-of-use assets and lease liabilities     20,591        9,521       33,756  
Unabsorbed capital allowances     1,215,206        1,002,078       1,066,649  
Unutilised tax losses     7,635,552        6,101,027       3,228,133  
                         
Temporary differences     8,303,585        6,550,471       3,548,691  

 

 

27. Income tax expense (Cont’d)

 

At the end of the reporting period, the Group has deductible temporary differences, unabsorbed capital allowances and unutilised tax losses that are available for offsetting against future taxable profits, subject to the agreement with the tax authorities.

 

Pursuant to Section 44(5F) of the Income Tax Act 1967, the unutilised tax losses of the Group for the Malaysian entities are expected to be disregarded by the end of the following Year of Assessment. 

 

Expiry date of the unutilised tax losses is summarised below:

 Schedule of unutilised tax losses

   2026   2025   2024 
   USD   USD   USD 
             
Year of assessment:                 
2028    -      -    231,643 
2029    23,507      22,103    229,885 
2030    314,916      296,113    594,916 
2031    601,069      565,723    1,070,286 
2032    701,958      660,046    592,259 
2033    826,367      777,027    509,144 
2034    1,958,729      2,097,388    - 
2035    1,789,409      1,682,627    - 
2036    1,419,597      -    - 
Unutilised tax losses    7,635,552      6,101,027    3,228,133