Income Taxes |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
| Income taxes |
The components of (loss)/gain before income taxes consist of the following:
Zoomcar Holdings, Inc. files tax returns in the U.S. federal, various state, and foreign jurisdictions. In the normal course of business, the Company is subject to examination by tax authorities. Our major tax jurisdiction is in India. The Indian tax authority is currently examining our 2016 through 2023 tax returns. There are other ongoing audits in various other jurisdictions that are not material to the Condensed Consolidated Financial Statements.
The Company has filed appeals against the above orders before the higher authority.
The Company has computed income tax expense/(benefit) for the three months ended June 30, 2026 and June 30, 2025 by using a forecasted annual effective tax rate and adjust for any discrete items arising during the period. The Company has recorded $ tax expense for the given periods. Our effective tax rate was 0.00%, 0.00% for the three months ended June 30, 2026 and June 30, 2025, respectively. The Company has computed a valuation allowance on deferred tax assets for the quarter ending June 30, 2026 and hence no deferred tax asset is recognized as of June 30, 2025. The effective tax rate differs from the statutory tax rate of 21% for the quarter ended June 30, 2026 and 2025, due to changes in valuation allowance on the deferred tax assets. |
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