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INCOME TAXES | 12 Months Ended
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Jun. 30, 2024
Income Tax Disclosure [Abstract] |
INCOME TAXES | NOTE－15 INCOME TAXES The provision for income taxes consisted of the following: SCHEDULE PROVISION FOR INCOME TAXES
|  | Years ended June 30, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  |  | S$ |  |  | S$ |  |  | S$ |
Income tax payable |  |  | 107,718 |  |  |  | 33,986 |  |  |  | - |
Income tax expense |  |  | 33,999 |  |  |  | - |  |  |  | 1,813 |
The effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. Our Company’s subsidiaries mainly operate in Singapore that are subject to taxes in the jurisdictions in which they operate, as follows: Cayman Islands Our Company is an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. BVI Starry Grade is considered to be an exempted BVI Company and are presently not subject to income taxes or income tax filing requirements in the BVI or the United States. Singapore Premium Catering is operating in Singapore and are subject to the Singapore tax law at the corporate tax rate at 17% on the assessable income arising in Singapore during its tax year. The reconciliation of income tax rate to the effective income tax rate based on income before income taxes for the years ended June 30, 2023 and 2024 are as follows: SCHEDULE OF RECONCILIATION OF INCOME TAX RATE TO THE EFFECTIVE INCOME TAX RATE BASED ON INCOME BEFORE INCOME TAXES
|  | Years ended June 30 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  |  | S$ |  |  | S$ |  |  | S$ |
Income (Loss) before income taxes |  |  | 547,333 |  |  |  | (441,746 | ) |  |  | (1,464,877 | )
Statutory income tax rate |  |  | 17 | % |  |  | 17 | % |  |  | 17 | %
Income tax expense at statutory rate |  |  | 93,047 |  |  |  | (75,097 | ) |  |  | (249,029 | )
Tax effect of non-taxable income |  |  | (16,585 | ) |  |  | (3,786 | ) |  |  | (11,345 | )
Non-deductible expense |  |  | - |  |  |  | 78,883 |  |  |  | 260,374 |
Deferred tax asset not recognized |  |  | (31,882 | ) |  |  | - |  |  |  | - |
Tax exemption |  |  | (17,425 | ) |  |  | - |  |  |  | - |
Others |  |  | 6,844 |  |  |  | - |  |  |  | 1,813 |
Income tax expense |  |  | 33,999 |  |  |  | - |  |  |  | 1,813 |
|  | 2023 |  |  | 2024 |
|  | Years ended June 30, |
|  | 2023 |  |  | 2024 |
|  | S$ |  |  | S$ |
Tax loss carry forwards |  |  | 218,220 |  |  |  | 1,558,790 |
Deferred tax assets |  |  | 37,097 |  |  |  | 264,994 |
Valuation allowance |  |  | (37,097 | ) |  |  | (264,994 | )
Total deferred tax assets, net |  |  | - |  |  |  | - |
Our Company did not have any significant unrecognized uncertain tax positions. Our Company did not incur any interest and penalties related to potential underpaid income tax expenses for the years ended June 30, 2023 and 2024 and also did not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from June 30, 2024.

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