| SCHEDULE OF CURRENT INCOME TAXES |
The
tax charge for the period can be reconciled to the (loss) gain for the period from the unaudited interim condensed consolidated statement
of profit or loss and other comprehensive income as follows:
SCHEDULE
OF CURRENT INCOME TAXES
| | |
Six months
ended
30 September 2024 | | |
Six months
ended
30 September 2023 | |
| | |
USD | | |
USD | |
| (Loss) profit for the period | |
| (1,161,471 | ) | |
| 872,075 | |
| | |
| | | |
| | |
| Notional tax calculated at the rates applicable to profits in the tax jurisdictions concerned | |
| (576,164 | ) | |
| 128,682 | |
| Tax effect of expenses that are not deductible | |
| 131,484 | | |
| 262,498 | |
| Tax effect of income that are not taxable | |
| - | | |
| (832,260 | ) |
| (Utilization of) tax effect of tax losses previously not recognized | |
| 444,680 | | |
| 441,080 | |
| Income tax expense | |
| - | | |
| - | |
|
The
income tax expense for the year can be reconciled to the loss for the year from per the combined statement of profit or loss and other
comprehensive income as follows:
SCHEDULE
OF CURRENT INCOME TAXES
| | |
Year ended
31 March 2024 | | |
Year ended
31 March 2023 | |
| | |
USD | | |
USD | |
| Loss before taxation | |
| (4,862,470 | ) | |
| (9,257,598 | ) |
| | |
| | | |
| | |
Notional tax calculated at the rates applicable to profits in the
tax jurisdictions concerned | |
| (821,825 | ) | |
| (1,555,403 | ) |
| Tax effect of expenses that are not deductible | |
| 405,775 | | |
| 451,111 | |
| Tax effect of income that are not taxable | |
| (676,665 | ) | |
| - | |
| Tax effect of tax losses not recognized | |
| 1,092,715 | | |
| 1,104,292 | |
| Under-provision in prior years | |
| 8,917 | | |
| - | |
| Income tax expense | |
| 8,917 | | |
| - | |
|