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Income Taxes (Tables)

6 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The Company's net loss before provision for income taxes for the period ended September 30, 2024 and September 30, 2023 were as follows:

Particulars				For the three months ended September 30, 2024				For the three months ended September 30, 2023				For the six months ended September 30, 2024				For the six months ended September 30, 2023
Domestic					(19,101,833	)			(5,606,269	)			(45,372,274	)			(9,350,380	)
Foreign					(2,910,836	)			(25,504,049	)			(24,986,089	)			(25,804,523	)
Total					(22,012,669	)			(31,110,318	)			(70,358,363	)			(35,154,903	)

Schedule of Components of Provision for Income Taxes

The components of the provision for income taxes for the period ended September 30, 2024 and September 30, 2023 were as follows:

Particulars				For the three months ended September 30, 2024				For the three months ended September 30, 2023						For the six months ended September 30, 2024				For the six months ended September 30, 2023
Current:
Domestic					4,214				—						17,147				—
Foreign					—				50,135						-				72,077
					4,214				50,135						17,147				72,077
Deferred:
Domestic					—				—						—				—
Foreign					(185,478	)			(39,196	)					(91,761	)			(38,727	)
					(185,478	)			(39,196	)					(91,761	)			(38,727	)
Total provision for income taxes					(181,264	)			10,939			-			(74,614	)			33,350

Schedule of Reconciliation of Statutory Federal Income Tax Rate

The following is a reconciliation of the federal statutory income tax rate to the Company’s effective tax rate for the period ended September 30, 2024 and September 30, 2023:

Particulars				For the three months ended September 30, 2024				For the three months ended September 30, 2023				For the six months ended September 30, 2024				For the six months ended September 30, 2023
Federal statutory income tax rate					21.00	%			21.00	%			21.00	%			21.00	%
Non deductible expenses					(0.22	%)			0.14	%			(0.25	%)			(6.86	%)
Valuation allowance					(20.54	%)			(21.00	%)			(20.93	%)			(14.13	%)
Foreign rate differential					(0.29	%)			(0.24	%)			(0.19	%)			(0.18	%)
Share warrants					0.00	%			0.00	%			0.00	%			0.00	%
Other					0.00	%			0.06	%			(0.04	%)			0.08	%
Total provision for income taxes					(0.05	%)			(0.04	%)			(0.41	%)			(0.09	%)

Schedule of Net Deferred Tax Assets

The components of the Company’s net deferred tax assets as of the period ended September 30, 2024 and year ended March 31, 2024 were as follows:

Particulars								As of September 30, 2024				As of March 31, 2024
Deferred tax assets:
Net operating loss carry forwards									40,187,359				25,515,511
Unabsorbed depreciation carry forwards									107,638				76,126
Retirement benefits									77,213				72,349
Depreciation and amortization									80,333				109,299
Others									16,694				244,136
Total deferred tax assets									40,469,236				26,017,421
Less: valuation allowance									(40,444,762	)			(25,995,368	)
Deferred tax assets, net of valuation allowance									24,475				22,053
Deferred tax liabilities:
Intangibles on account of business combination									(40,975	)			(263,665	)
Net deferred tax assets/ (liabilities)									(16,500	)			(241,612	)

Schedule of Movement in Net Deferred Tax Assets

Movement in net deferred tax assets:

				As of March 31, 2024				Recognized/ reversed through statements of operations				Impact of currency translation and acquisitions				As of September 30, 2024
Deferred tax assets:
Net operating loss carry forwards					25,515,511				14,671,848				—				40,187,359
Unabsorbed depreciation carry forwards					76,126				31,512				—				107,638
Retirement benefits					72,349				4,864				—				77,213
Depreciation and amortization					109,299				-28,966				—				80,333
Fair value changes on convertible notes					—				—				—				—
Others					244,136				(227,442	)			—				16,694
Less: valuation allowance					(25,995,368	)			(14,449,394	)			—				(40,444,762	)
Deferred tax liabilities:
Intangibles on account of business combination					(263,665	)			222,690				—				(40,975	)
Acquisitions					—				635,965				(635,965	)			—
Deconsolidation					—				-				-				—
Currency translation					—				(284,598	)			284,598				—
Net deferred tax assets/ (liabilities)					(241,612	)			576,479				(351,367	)			(16,500	)

Particulars				As of March 31, 2023				Recognized/ reversed through statements of operations				Impact of currency translation and acquisitions				As of March 31, 2024
Deferred tax assets:
Net operating loss carry forwards					8,480,316				17,035,195				—				25,515,511
Unabsorbed depreciation carry forwards					54,438				21,688				—				76,126
Retirement benefits					56,603				15,746				—				72,349
Depreciation and amortization					50,918				58,381				—				109,299
Fair value changes on convertible notes					-				-				—				—
Others					5,965				238,171				—				244,136
Less: valuation allowance					(8,565,895	)			(17,429,473	)			—				(25,995,368	)
Deferred tax liabilities:
Intangibles on account of business combination					-				(263,665	)			—				(263,665	)
Gain on convertible notes					-				608,233				(608,233	)			-
Currency translation					—				(193,121	)			193,121				—
Acquisitions					-				(48,330	)			48,330				-
					82,345				42,825				(366,782	)			(241,612	)

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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.

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-Topic 740
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-Section 50
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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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