| SCHEDULE OF CURRENT INCOME TAXES |
The
income tax expense for the year can be reconciled to the loss for the year per the consolidated statement of profit or loss and other
comprehensive income as follows:
SCHEDULE
OF CURRENT INCOME TAXES
| | |
Year ended | | |
Year ended | | |
Year ended | |
| | |
March 31, 2026 | | |
March 31, 2025 | | |
March 31, 2024 | |
| | |
USD | | |
USD | | |
USD | |
| Loss before tax | |
| (31,185,275 | ) | |
| (5,212,879 | ) | |
| (4,862,470 | ) |
| | |
| | | |
| | | |
| | |
| Notional tax calculated at the rates applicable to profits in the tax jurisdictions concerned | |
| (1,998,482 | ) | |
| (381,348 | ) | |
| (821,825 | ) |
| Tax effect of expenses that are not deductible | |
| 377,120 | | |
| 215,019 | | |
| 405,775 | |
| Tax effect of income that are not taxable | |
| - | | |
| - | | |
| (676,665 | ) |
| Tax effect of tax losses not recognized | |
| 1,721,869 | | |
| 166,329 | | |
| 1,092,715 | |
| Withholding tax paid during the year | |
| (60,750 | ) | |
| - | | |
| - | |
| Under-provision in prior years | |
| - | | |
| - | | |
| (8,917 | ) |
| Others | |
| (765 | ) | |
| - | | |
| - | |
| Income tax credit (expense) | |
| 38,992 | | |
| - | | |
| (8,917 | ) |
|
| SCHEDULE OF DEFERRED INCOME TAXES |
SCHEDULE
OF DEFERRED INCOME TAXES
| | |
Deferred tax liability | |
| | |
USD | |
| At April 1, 2024, March 31, 2025 and April 1, 2025 | |
| - | |
| Arising on acquisition of subsidiaries (note 27) | |
| 1,862,585 | |
| Credit to profit or loss | |
| (100,508 | ) |
| At March 31, 2026 | |
| 1,762,077 | |
|