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INCOME TAX | 12 Months Ended
--- | ---
Mar. 31, 2025
Income Tax Disclosure [Abstract] |
INCOME TAX | 11. INCOME TAX Pursuant to the current rules and regulations, the Cayman Islands and 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 Cayman Islands or the BVI. The Company 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 HK$2 million and 16.5% for any assessable profits in excess of HK$2 million. Composition of income tax expenses The following table sets forth current and deferred portion of income tax expenses: SCHEDULE OF CURRENT AND DEFERRED INCOME TAX EXPENSE
|  | 2023 |  |  | 2024 |  |  |  |  |
|  | Year ended March 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |
|  | USD |  |  | USD |  |  | USD |
Current income tax expenses |  |  | 132,634 |  |  |  | 178,029 |  |  |  | 24,109 |
Deferred income tax expense (recovery) |  |  | 87,010 |  |  |  | 68,580 |  |  |  | (143,400 | )
Income tax expense (recovery) |  |  | 219,644 |  |  |  | 246,609 |  |  |  | (119,291 | )
Reconciliation between the income tax expenses computed by applying the Hong Kong enterprise tax rate to income before income taxes and actual provision were as follows: SCHEDULE OF RECONCILIATION OF INCOME TAXES
|  | 2023 |  |  | 2024 |  |  |  |  |
|  | Year ended March 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |
|  | USD |  |  | USD |  |  | USD |
(Loss) before income tax - Cayman Island and BVI entities |  |  | - |  |  |  | (2,805) |  |  |  | (6,293,726) |
Income (loss) before income tax - Hong Kong entity |  |  | 1,386,904 |  |  |  | 1,340,699 |  |  |  | (806,633) |
Tax expenses at the Cayman Islands statutory income tax rate |  |  | - |  |  |  | - |  |  |  | - |
Tax effect of rate differences in various jurisdictions |  |  | 228,839 |  |  |  | 220,752 |  |  |  | (133,095 | )
Tax effect of provision for expected credit loss |  |  | 32,895 |  |  |  | (3,716 | ) |  |  | 114,945 |
Tax effect of depreciation allowance |  |  | (107,177 | ) |  |  | (61,541 | ) |  |  | 34,595 |
Tax effect of non-deductible expenditure |  |  | - |  |  |  | 44,073 |  |  |  | 29,009 |
Tax effect of taxable temporary difference |  |  | 87,010 |  |  |  | 68,580 |  |  |  | (143,400 | )
Tax reduction allowed by Hong Kong government |  |  | (21,923 | ) |  |  | (21,539 | ) |  |  | (21,345 | )
Income tax expense (recovery) |  |  | 219,644 |  |  |  | 246,609 |  |  |  | (119,291 | )
|  | 2023 |  |  | 2024 |
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | USD |  |  | USD |
Deferred tax assets |  |  | 33,951 |  |  |  | 148,897 |
Deferred tax liabilities |  |  | (445,125 | ) |  |  | (416,671 | )
Deferred tax liabilities, net |  |  | (411,174 | ) |  |  | (267,774 | )
The significant components of the Company’s deferred tax assets and liabilities are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | 2023 |  |  | 2024 |
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | USD |  |  | USD |
Deferred tax assets: |  |  |  |  |  |  |  |
Provision of credit loss |  |  | 33,951 |  |  |  | 148,897 |
Total deferred tax assets |  |  | 33,951 |  |  |  | 148,897 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property, plant and equipment |  |  | (30,383 | ) |  |  | (10,106 | )
Right-of-use assets – finance lease |  |  | (414,742 | ) |  |  | (406,565 | )
Total deferred tax liabilities |  |  | (445,125 | ) |  |  | (416,671 | )
Net deferred tax liabilities |  |  | (411,174 | ) |  |  | (267,774 | )
As of March 31, 2024 and 2025, the Company had no unrecognized tax benefit.

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