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INCOME TAXES | 6 Months Ended
--- | ---
Mar. 31, 2025
Income Tax Disclosure [Abstract] |
INCOME TAXES |
14. | INCOME TAXES
Cayman Islands (“Cayman”) The Company is incorporated in the Cayman Islands. Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gain. Additionally, the Cayman Islands does not impose a withholding tax on payments of dividends to shareholders. British Virgin Islands Taxation (“BVI”) Jiangshan Holding Limited is incorporated in the British Virgin Islands. Under the current laws of the British Virgin Islands, Jiangshan Holding Limited is not subject to income tax. Hong Kong (“HK”) Hong Kong Changfeng Holding Limited is incorporated in Hong Kong. Companies registered in Hong Kong are subject to Hong Kong profits tax on the taxable income as reported in their respective statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. Under the two-tiered profits tax rates regime in Hong Kong, the first HK$2 million of profits of the qualifying group entity will be taxed at 8.25%, and profits above HK$2 million will be taxed at 16.5%. The People’s Republic of China Under the PRC Enterprise Income Tax Law, the statutory income tax rate is 25%, and the enterprise income tax rate will be reduced to 15% for state-encouraged High and New Technology Enterprises (“HNTEs”). Julong Online first obtained a HNTE certificate in 2019 and was entitled to enjoy the preferential tax rate of 15% after 2019. The current and deferred components of the income tax expense appearing in the consolidated statements of operations are as follows: SCHEDULE OF CURRENT AND DEFERRED COMPONENTS OF THE INCOME TAX EXPENSE
|  | 2024 |  |  | 2025 |
|  | Six Months Ended March 3l, |
|  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |
Current tax expense |  |  | 1,646,015 |  |  |  | 2,107,365 |
Deferred tax expense |  |  | (56,182 | ) |  |  | (62,182 | )
Total |  |  | 1,589,833 |  |  |  | 2,045,183 |
The principal components of deferred tax assets and deferred tax liabilities are as follows: SCHEDULE OF PRINCIPAL COMPONENTS OF DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES
|  | As of September 30,2024 |  |  | As of March 31,2025 |
|  | RMB |  |  | RMB |
Deferred tax assets |  |  |  |  |  |  |  |
Net operating loss carry-forwards |  |  | 3,644 |  |  |  | 3,752 |
Operating lease liabilities |  |  | 6,668 |  |  |  | 7,909 |
Allowance for receivables |  |  | 565,519 |  |  |  | 626,460 |
Total deferred tax assets |  |  | 575,831 |  |  |  | 638,121 |
Less: valuation allowance |  |  | (3,644 | ) |  |  | (3,752 | )
Total deferred tax assets, net |  |  | 572,187 |  |  |  | 634,369 |
Total deferred tax liabilities |  |  | - |  |  |  | - |
Deferred tax assets, net |  |  | 572,187 |  |  |  | 634,369 |
The roll forward of valuation allowances of deferred tax assets: SCHEDULE OF ROLL FORWARD OF VALUATION ALLOWANCES OF DEFERRED TAX ASSETS
|  | As of September 30, 2024 |  |  | As of March 31, 2025 |
|  |  | RMB |  |  |  | RMB |
Balance as of beginning of year |  |  | - |  |  |  | 3,644 |
Balance |  |  | - |  |  |  | 3,644 |
Addition of valuation allowance |  |  | 3,644 |  |  |  | 108 |
Balance as of end of year |  |  | 3,644 |  |  |  | 3,752 |
Balance |  |  | 3,644 |  |  |  | 3,752 |
Following is a reconciliation of income tax expense at the effective rate from income tax at the statutory rate: SCHEDULE OF RECONCILIATION OF INCOME TAX EXPENSE AT THE EFFECTIVE RATE FROM INCOME TAX
|  | 2024 |  |  | 2025 |
|  | Six Months Ended March 3l, |
|  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |
Income before income taxes |  |  | 10,483,041 |  |  |  | 13,627,541 |
Income tax expense computed at statutory income tax rate |  |  | 2,620,760 |  |  |  | 3,406,885 |
Tax effect of preferential tax rate |  |  | (1,048,304 | ) |  |  | (1,362,754 | )
Permanent differences |  |  | 15,191 |  |  |  | 989 |
Effect of income tax rate difference in other jurisdictions |  |  | (1,458 | ) |  |  | (44 | )
Change in valuation allowance |  |  | 3,644 |  |  |  | 107 |
Total |  |  | 1,589,833 |  |  |  | 2,045,183 |
The Group considers positive and negative evidence to determine whether some portion or all of the deferred tax assets will be more-likely-than-not realized. This assessment considers, among other matters, the nature, frequency and severity of recent losses and forecasts of future profitability. These assumptions require significant judgment and the forecasts of future taxable income are consistent with the plans and estimates the Group is using to manage the underlying business. The statutory income tax rate of 25% or applicable preferential income tax rates were applied when calculating deferred tax assets. Valuation allowances are established for deferred tax assets based on a more likely than not threshold.

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