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

The provision for income tax expense consisted of the following:

 

SCHEDULE OF PROVISION FOR INCOME TAX EXPENSE 

   2025   2026   2026 
   Six months ended March 31, 
   2025   2026   2026 
   HKD   HKD   USD 
             
Current income tax  $671,009   $-   $- 
Deferred income tax   -    -    - 
                
Income tax expense  $671,009   $-   $- 
SCHEDULE OF RECONCILIATION OF INCOME TAX RATE

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

 

SCHEDULE OF RECONCILIATION OF INCOME TAX RATE 

                     
   Six Months ended March 31, 
   2025   2026 
   HKD  

% of Pre-tax

income

   HKD   USD  

% of Pre-tax

income

 
                     
Computed expected income tax expense (benefit)  $690,243    16.50%  $(12,603,703)  $(1,607,615)   16.50%
Income exempted from tax   (126)   0.00%   (71,935)   (9,175)   0.09%
Effect of differential tax rate – foreign subsidiaries (Note i)   -    -    857,004    109,311    (1.12)%
Non-deductible expenses for tax purpose   143,891    3.44%   17,667    2,253    (0.02)%
Non-deductible share-based compensation expenses   -    -    10,876,115    1,387,260    (14.24)%
Net operating loss   -    -    929,455    118,553    (1.22)%
Others   (162,999)   (3.90)%   (4,603)   (587)   0.01%
Income tax expense  $671,009    16.04%  $-   $-    0.00%

 

Note :

 

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

The following table sets forth the significant components of the deferred tax assets of the Company as of September 30, 2025 and March 31, 2026.

SCHEDULE SIGNIFICANT COMPONENTS OF THE DEFERRED TAX ASSETS

   2025   2026   2026 
   As of 
   September 30,   March 31,   March 31, 
   2025   2026   2026 
   HKD   HKD   USD 
Deferred tax assets:                     
Net operating loss carryforwards from               
Hong Kong   -    929,455    118,553 
Less: valuation allowance   -    (929,455)   (118,553)
Deferred Tax Assets Net  $-   $-   $- 
SCHEDULE VALUATION ALLOWANCE OF DEFERRED TAX ASSETS

The movements of valuation allowance of deferred tax assets are as follows:

SCHEDULE VALUATION ALLOWANCE OF DEFERRED TAX ASSETS

             
   As of 
   September 30,   March 31,   March 31, 
   2025   2026   2026 
   HKD   HKD   USD 
Balance at beginning of the period  -   -   - 
Additions          -    929,455    118,553 
Balance at end of the period  $-   $929,455   $118,553