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Taxes (Tables)

12 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of income tax expense (benefit)

		For the Year Ended
		March 31, 2021				March 31, 2020				March 31, 2019
Current income tax provision		$	513,379			$	100,741			$	9,627
Deferred income tax provision (benefit)			(333,045	)			111,757				(106,431	)
Total		$	180,334			$	212,498			$	(96,804	)

Schedule of deferred tax assets and liabilities

		As of March 31, 2021				As of March 31, 2020
Allowance for doubtful accounts		$	139,048			$	113,062
Deferred revenue			546,043				219,177
Net operating loss carry-forwards			2,462				465,059
Total deferred tax asset			687,553				797,298
Valuation allowance			(48,284	)			(525,183	)
Deferred tax assets, net		$	639,269			$	272,115

Schedule of statutory effective tax rate

		For the Years Ended
		March 31, 2021				March 31, 2020				March 31, 2019
Statutory PRC income tax rate			25	%			25	%			25	%
Favorable tax rate impact (a)			(7.9	)%			(6.3	)%			(11.1	)%
Permanent difference			0.8	%			(4.6	)%			(1.6	)%
Change in valuation allowance			(2.9	)%			(29.0	)%			(3.6	)%
Effective tax rate			15.0	%			(14.9	)%			8.7	%

(a) Distance Learning is subject to a favorable tax rate of 15%; Shanghai Xia Shu, Shanghai Xin Fu, Hunan Huafu, Nanjing Suyun, Guizhou Huafu, Fuzhou Huafu, Liaoning Huafu and Huafu Silu are subject to a favorable tax rate of 10%.

Schedule of taxes payable

		As of March 31, 2021				As of March 31, 2020
Income tax payable		$	630,953			$	274,296
Value added tax payable			63,339				26,239
Other taxes payable			18,035				13,517
Total		$	712,327			$	314,052

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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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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.

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