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v3.26.1

Income Taxes | 12 Months Ended
--- | ---
Mar. 31, 2026
Income Taxes [Abstract] |
INCOME TAXES | NOTE 13 — INCOME TAXES The provision for income taxes consisted of the following:
|  | Year ended March 31, |
|  | 2026 |  |  | 2025 |  |  | 2024 |
|  | US$ |  |  | US$ |  |  | US$ |
Current tax |  |  | 189,469 |  |  |  | 67,418 |  |  |  | 159,310 |
Deferred income tax expenses |  |  | (15,646 | ) |  |  | (14,663 | ) |  |  | (14,663 | )
Income tax expenses |  |  | 173,823 |  |  |  | 52,755 |  |  |  | 144,647 |
Pursuant to the current rules and regulations, the BVI currently levy no taxes on individuals or corporations based upon profits, income, gains or appreciations and there is no taxation in the nature of inheritance tax or estate duty. Therefore, the Company is not subject to any income tax in the BVI. K-Mark Technology is subject to Hong Kong profits tax at a rate of 16.5% on their taxable income generated from operations in Hong Kong before April 1, 2018. Starting from the financial year commencing on April 1, 2018, the two-tiered profits tax regime took effect, under which the tax rate is 8.25% for assessable profits on the first HKD 2 million and 16.5% for any assessable profits in excess of HKD 2 million (equivalent to US$255,630).
|  | Year ended March 31, |
|  | 2026 |  |  | 2025 |  |  | 2024 |
|  | US$ |  |  | US$ |  |  | US$ |
Income before tax expenses |  |  | 345,230 |  |  |  | 540,712 |  |  |  | 1,073,176 |
Tax expenses at applicable rates in Hong Kong profits at tax rate of 16.5% |  |  | 56,963 |  |  |  | 89,217 |  |  |  | 177,074 |
Tax reduction related to two-tiered profits tax regime |  |  | (21,158 | ) |  |  | (21,219 | ) |  |  | (21,089 | )
Tax incentives |  |  | (385 | ) |  |  | (193 | ) |  |  | (383 | )
Tax effect of non-taxable income |  |  | (15,487 | ) |  |  | (15,050 | ) |  |  | (10,955 | )
Tax effect of utilization of tax losses previously not recognised |  |  | 74,401 |  |  |  | - |  |  |  | - |
Under provision in prior financial years |  |  | 79,489 |  |  |  | - |  |  |  | - |
Income tax expense |  |  | 173,823 |  |  |  | 52,755 |  |  |  | 144,647 |

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