Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 256

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 256
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ment* 
     (3,616,337) 
     (3,754,191)

    $-  
    $187,458 

*As of September 30, 2025, the impairment amounts to $3,616,337 ( March 31, 2025 : $3,754,191) for the estimated losses resulting from substantial doubt about the utilization of the tax credits. This allowance for impairment of tax credits was determined by estimating future uses of tax credits against output Goods and Service Tax (“GST”). No impairment allowance has been created for the three months and six months ended September 30, 2025.

7 (a)
                           Other current assets

The
components of other current assets were as follows:

    (In USD) As at 
    September  30,  2025  
    March 31, 2025 

    Security deposits 
    $24,448  
    $24,997 
  
    Franchise tax refund receivable 
     -  
     84,490 
  
    Advance to employees 
     19,271  
     29,730 
  
    Advance to suppliers 
     37,722  
     5,201 
  
    Receivables from car sale 
     55,766  
     57,892 
  
    Other receivables 
     89,899  
     58,890 
  
    Other current assets    
    $227,106  
    $261,200 

27

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS (UNAUDITED)

8Assets
                                            held for sale

The
components of assets held for sale were as follows:

    (In USD) As at 
    September 30,  2025  
    March 31, 2025 

    Vehicles 
    $233,110  
    $267,293 
  
    Total assets held for sale    
    $233,110  
    $267,293 

Vehicles represent the vehicles held
for sale in the Indian subsidiary, Zoomcar India Private Limited. The gain or loss on sale of these assets is included in (Gain)/Loss
on sale of assets held for sale under Other (income)/expense of Condensed Consolidated Statements of Operations. During the three months
and six months ended September 30