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INCOME TAXES (Tables) | 12 Months Ended
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Mar. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of deferred tax assets and liabilities | As of March 31, 2023 and March 31, 2022, deferred tax assets and liabilities of the Company were comprised of the following:
| March 31, 2023 |  | March 31, 2022
|  |  | (recast)
Deferred tax assets: |  |  |
Revaluation on trading securities |  |  |
Tax losses carryforward | $ | 1,548 |  |  | $ | 679 |
Accrued liabilities | 933 |  |  | 828 |
Provision for impairment losses | 2,079 |  |  | — |
Stock compensation expenses | — |  |  | — |
Deferred tax assets | $ | 4,560 |  |  | $ | 1,507 |
Deferred tax liabilities: |  |  |
Revaluation on trading securities | $ | 29 |  |  | $ | 210 |
Fixed and Intangible Assets | 2,457 |  |  | — |
Other liabilities | 326 |  |  | 388 |
Deferred tax liabilities | $ | 2,812 |  |  | $ | 598 |
Net deferred tax assets | $ | 2,442 |  |  | $ | 909 |
Net deferred tax liabilities | $ | 694 |  |  | $ | — |
Schedule of federal income taxes | The reconciliation of of the amount computed by multiplying income before provision for income taxes at the 21% income tax rate compared to the Company's income tax expense as reported is as follows:
| Year ended March 31, 2023 |  | Year ended March 31, 2022 |  | Year ended March 31, 2021
|  |  | (recast) |  | (recast)
Income before income tax at 21% | $ | 49,547 |  |  | $ | 76,376 |  |  | $ | 31,879 |
Global intangible low taxed income | 39,139 |  |  | 31,194 |  |  | 18,451 |
Permanent differences | 14,096 |  |  | (2,567) |  |  | (2,160) |
Subpart F Income | 4,732 |  |  | — |  |  | — |
Stock based compensation | 2,039 |  |  | 3,090 |  |  | 348 |
Provision for impairment losses | — |  |  | (13) |  |  | 113 |
Valuation allowance | — |  |  | (316) |  |  | (361) |
Foreign tax rate differential | (13,089) |  |  | (18,544) |  |  | (9,491) |
Foreign tax credit | (18,423) |  |  | (16,200) |  |  | (10,155) |
Nontaxable gains | (35,265) |  |  | (34,450) |  |  | (5,317) |
Income tax expense | $ | 42,776 |  |  | $ | 38,570 |  |  | $ | 23,307 |
Schedule of income tax expenses | As of March 31, 2023, 2022 and 2021, income tax expense was comprised of the following:
| Year ended March 31, 2023 |  | Year ended March 31, 2022 |  | Year ended March 31, 2021
|  |  | (recast) |  | (recast)
Current income tax charge |  |  |  |  |
Federal | 22,387 |  |  | 15,184 |  |  | 7,771 |
Foreign | 21,406 |  |  | 27,381 |  |  | 14,040 |
| 43,793 |  |  | 42,565 |  |  | 21,811 |
Deferred income tax charge |  |  |  |  |
Federal | (2,606) |  |  | (2,191) |  |  | 1,752 |
Foreign | 1,589 |  |  | (1,804) |  |  | (256) |
| (1,017) |  |  | (3,995) |  |  | 1,496 |
Income tax expense | $ | 42,776 |  |  | $ | 38,570 |  |  | $ | 23,307 |
Schedule of Income before Income Tax, Domestic and Foreign | Income before income taxes includes the following components:
| Year ended March 31, 2023 |  | Year ended March 31, 2022 |  | Year ended March 31, 2021
|  |  | (recast) |  | (recast)
United States | $ | (26,383) |  |  | $ | (8,012) |  |  | $ | 1,076 |
Foreign | 262,321 |  |  | 371,705 |  |  | 150,729 |
Net income before income tax | $ | 235,938 |  |  | $ | 363,693 |  |  | $ | 151,805 |

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- Definition Tabular disclosure of the federal tax basis of investment holdings. This item captures the aggregate cost of securities, aggregate gross unrealized appreciation for all securities in which there is an excess of value over tax cost, aggregate gross unrealized depreciation for all securities in which there is an excess of tax cost over value, net unrealized appreciation (depreciation), and an explanation of the differences between tax and book. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(h)(2)) -URI https://asc.fasb.org/extlink&oid=126898976&loc=d3e600178-122990 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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