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TAXES (Tables) | 3 Months Ended
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Sep. 30, 2024
Income Tax Disclosure [Abstract] |
SCHEDULE OF INCOME TAX BENEFIT | i) The components of the income tax provision (benefit) were as follows: SCHEDULE OF INCOME TAX BENEFIT
|  | For the three months ended September 30, |
|  | 2024 |  |  | 2023 |
Current income tax provision |  | $ | 481 |  |  | $ | - |
Deferred income tax benefit |  |  | (293,432 | ) |  |  | (251,366 | )
Total income tax benefit |  |  | (292,951 | ) |  |  | (251,366 | )
Less: income tax provision, held for discontinued operations |  |  | - |  |  |  | - |
Income tax benefit, held for continuing operations |  | $ | (292,951 | ) |  | $ | (251,366 | )
SCHEDULE OF FINANCIAL BASIS AND TAX BASIS OF ASSETS AND LIABILITIES | ii) The components of the deferred tax liability were as follows: SCHEDULE OF FINANCIAL BASIS AND TAX BASIS OF ASSETS AND LIABILITIES
|  | September 30, 2024 |  |  | June 30, 2024 |
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for credit loss/doubtful accounts |  | $ | 505,316 |  |  | $ | 352,077 |
Inventory reserve |  |  | - |  |  |  | 1,522 |
Net operating loss carry-forwards |  |  | 1,517,475 |  |  |  | 1,187,887 |
Total |  |  | 2,022,791 |  |  |  | 1,541,486 |
Valuation allowance |  |  | (1,559,787 | ) |  |  | (1,110,668 | )
Total deferred tax assets |  |  | 463,004 |  |  |  | 430,818 |
Deferred tax liability: |  |  |  |  |  |  |  |
Intangible assets |  |  | (9,989,025 | ) |  |  | (10,266,124 | )
Total deferred tax liability |  |  | (9,989,025 | ) |  |  | (10,266,124 | )
Deferred tax liability, net |  | $ | (9,526,021 | ) |  | $ | (9,835,306 | )
SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE | Movement of the valuation allowance: SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE
|  | September 30, 2024 |  |  | June 30, 2024 |
Beginning balance |  | $ | 1,110,668 |  |  | $ | 2,471,066 |
Acquisition of subsidiaries |  |  | - |  |  |  | 154,481 |
Disposal of Tenet Jove |  |  | - |  |  |  | (2,392,580 | )
Current year addition |  |  | 409,130 |  |  |  | 881,746 |
Exchange difference |  |  | 39,989 |  |  |  | (4,045 | )
Valuation allowance |  | $ | 1,559,787 |  |  | $ | 1,110,668 |
SCHEDULE OF TAXES PAYABLE | Taxes payable consisted of the following: SCHEDULE OF TAXES PAYABLE
|  | September 30, 2024 |  |  | June 30, 2024 |
Income tax payable |  | $ | 1,284,580 |  |  | $ | 1,268,904 |
Value added tax payable |  |  | 254,432 |  |  |  | 303,739 |
Business tax and other taxes payable |  |  | 2,289 |  |  |  | 1,178 |
Total tax payable |  | $ | 1,541,301 |  |  | $ | 1,573,821 |
Income tax payable - current portion |  | $ | 1,355,110 |  |  | $ | 1,387,630 |
Income tax payable – non-current portion |  | $ | 186,191 |  |  | $ | 186,191 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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