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Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2024
Income Taxes [Abstract] |
Schedule of Income (Loss) Before Income Taxes | The components of income (loss) before income taxes are as follows:
|  | Year ended March 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | $ |  |  | $ |  |  | $ |
Hong Kong |  |  | 100 |  |  |  | (1,065 | ) |  |  | (346 | )
China |  |  | 354 |  |  |  | 774 |  |  |  | 39 |
Myanmar |  |  | 114 |  |  |  | (22 | ) |  |  | (832 | )
|  |  | 568 |  |  |  | (313 | ) |  |  | (1,139 | )
Schedule of Income Tax (Credit) Expense | Income tax expense (credit) consists of the following:
|  | Year ended March 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | $ |  |  | $ |  |  | $ |
Current tax: |  |  |  |  |  |  |  |  |
Hong Kong |  |  |  |  |  |  |  |  |
Current tax |  |  | - |  |  |  | - |  |  |  | - |
(Over)/under provision in prior year |  |  | (5 | ) |  |  | (12 | ) |  |  | (59 | )
China |  |  |  |  |  |  |  |  |  |  |  |
Current tax |  |  | - |  |  |  | 1 |  |  |  | - |
(Over)/under provision in prior year |  |  | - |  |  |  | - |  |  |  | - |
Myanmar |  |  |  |  |  |  |  |  |  |  |  |
Current tax |  |  | - |  |  |  | - |  |  |  | - |
Under provision in prior year |  |  | - |  |  |  | 3 |  |  |  | 5 |
Deferred tax |  |  | 106 |  |  |  | (12 | ) |  |  | (107 | )
Total |  |  | 101 |  |  |  | (20 | ) |  |  | (161 | )
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation between income taxes computed by applying the Hong Kong profits tax rate to profit/loss before income taxes, the income taxes are as follows:
|  | Year ended March 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | % |  |  | % |  |  | % |
Profits tax rate in Hong Kong |  |  | 16.5 |  |  |  | 16.5 |  |  |  | 16.5 |
Non-deductible items/non-taxable income |  |  | 30.8 |  |  |  | 15.9 |  |  |  | (7.9 | )
Changes in valuation allowances |  |  | (1.9 | ) |  |  | 22.6 |  |  |  | 10.4 |
Overprovision of profits tax in prior year |  |  | (0.9 | ) |  |  | 2.9 |  |  |  | 4.7 |
Effect of different tax rate of subsidiaries operating in other jurisdictions |  |  | 6.3 |  |  |  | (18.8 | ) |  |  | (0.4 | )
Tax effect of tax losses not recognized |  |  | (4.4 | ) |  |  | (55.7 | ) |  |  | (12.3 | )
Tax effect of changes in tax rate |  |  | (3.7 | ) |  |  | - |  |  |  | - |
Utilization of tax losses previously not recognized |  |  | (3.7 | ) |  |  | - |  |  |  | - |
Others |  |  | (21.2 | ) |  |  | 23.0 |  |  |  | 3.1 |
Effective tax rate |  |  | 17.8 |  |  |  | 6.4 |  |  |  | 14.1 |
Schedule of Deferred Income Tax Liabilities (Assets) | Deferred income tax liabilities (assets) are as follows:
|  | As of March 31, |
|  | 2023 |  |  | 2024 |
|  | $ |  |  | $ |
Deferred tax liabilities: |  |  |  |  |  |
Property, plant and equipment |  |  | 5 |  |  |  | - |
Operating lease right-of-use assets |  |  | 562 |  |  |  | 163 |
Total deferred tax liabilities |  |  | 567 |  |  |  | 163 |
Deferred tax assets: |  |  |  |  |  |  |  |
Property, plant and equipment |  |  | - |  |  |  | (64 | )
Lease liabilities |  |  | (460 | ) |  |  | (171 | )
Tax loss carry forwards |  |  | (469 | ) |  |  | (720 | )
Valuation allowance |  |  | 469 |  |  |  | 792 |
Total deferred tax assets |  |  | (460 | ) |  |  | (163 | )
Net deferred tax (assets) / liabilities |  |  | 107 |  |  |  | - |
Schedule of Valuation Allowance | Movement of valuation allowances are as follows:
|  | Year ended March 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | $ |  |  | $ |  |  | $ |
At the beginning of the year |  |  | 593 |  |  |  | 494 |  |  |  | 469 |
Current year (reduction) addition |  |  | (99 | ) |  |  | (25 | ) |  |  | 323 |
At the end of the year |  |  | 494 |  |  |  | 469 |  |  |  | 792 |

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