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Taxation (Tables)

6 Months Ended

Dec. 31, 2024

Taxation [Abstract]

Schedule of Current and Deferred Portion of Income Tax Expense

The following table sets forth current and deferred portion of income tax expense of the Company’s subsidiaries:

		For the six months ended December 31,
		2024				2023
		(unaudited)				(unaudited)
Current income tax expense		$	739,079			$	1,279,314
Deferred income tax benefit			(63,827	)			-
Total income tax expense		$	675,252			$	1,279,314

Schedule of Income Taxes and the Provision at the Statutory Rate

A reconciliation between the Group’s actual provision for income taxes and the provision at the Singapore statutory rate is as follows:

		For the six months ended December 31,
		2024				2023
		(unaudited)				(unaudited)
Income before income tax expenses		$	1,742,146			$	7,522,920
Income tax expenses at the Singapore statutory rate			296,165				1,278,896
Impact of different tax rates in other jurisdictions			391,841				13,330
Effect of preferential tax rate			(12,754	)			(12,912	)
Total income tax expense		$	675,252			$	1,279,314

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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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://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
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-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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