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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2025

Income Taxes [Abstract]

Schedule of Income Tax Benefit (Expense)

The current and deferred portions of the income tax benefits (expense) included in the consolidated statements of operations and comprehensive income (loss) as determined in accordance with FASB ASC 740 are as follows:

		For the Years Ended March 31,
		2025				2024				2023
Current income tax expense		$	(146,104	)		$	63,692			$	(31,520	)
Deferred income tax expense			-				-
		$	(146,104	)		$	63,692			$	(31,520	)

Schedule of Statutory Income Tax Rates

A reconciliation of the difference between the expected income tax expense or benefit computed at applicable statutory income tax rates and the Company’s income tax expense is shown in the following table:

		For the Years Ended March 31,
		2025				2024				2023
Income tax benefits (expenses) at applicable statutory rate		$	960,836			$	(162,995	)		$	(565,828	)
Income not subject to tax (2)			(712,770	)			89,264				421,297
Income tax of other jurisdictions (3)			29,142				-				30
Nontaxable offshore profit			-				136,655				113,777
Benefit on tax concession (note (1))			192				767				765
Changes in valuation allowance			(423,504	)			-				(1,561	)
		$	(146,104	)		$	63,692			$	(31,520	)

(1) The provision for Hong Kong Profits Tax for 2025 is calculated at 16.5% (2024 and 2023: 16.5%) of the estimated assessable profits for the year, taking into account a reduction granted by the Hong Kong SAR Government of 100% of the tax payable for the year of assessment 2024-25 subject to a maximum reduction of HK$1,500 for each business (2024: a maximum reduction of HK$3,000 was granted for the year of assessment 2023-24 and was taken into account in calculating the provision for 2024, 2023: a maximum reduction of HK$6,000 was granted for the year of assessment 2022-23 and was taken into account in calculating the provision for 2023).

(2) The Company also has entities domiciled in the British Virgin Islands, but such entities are not subject to income or capital gains taxes.

(3) Top Fin and Top AM were established in Singapore, which are subject to income tax rate of 17%, and Top 500 was established in Australia, which is subject to income rate of 25%.

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- References

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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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- 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://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
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

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

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