Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 295

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 295
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   |     |      |             |   |     |                   |            |   |     |      |             |   |
| Interest                                
 income                                  |     | $                  |          - |   |     | $    |      (5,548 | ) |     | $                 |          - |   |     | $    |     (11,224 | ) |
| Total                                   |     | $                  |            |   |     | $    |      (5,548 | ) |     | $                 |          - |   |     | $    |     (11,224 | ) |

F-39 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 26 | Income taxes |

The components of (loss)/gain before income taxes consist of the following:

| (In USD)                          |     | Three        
 months ended 
 December 31, 
 2024         |            |   |     | 2023 |            |   |     | Nine         
 months ended 
 December 31, 
 2024         |             |   |     | 2023 |             |   |
|:----------------------------------|:----|:-------------|:-----------|:--|:----|:-----|-----------:|:--|:----|:-------------|:------------|:--|:----|:-----|:------------|:--|
| Domestic                          |     | $            | (5,889,163 | ) |     | $    | 19,809,584 |   |     | $            | (8,072,027  | ) |     | $    | (11,367,084 | ) |
| Foreign                           |     |              | (2,032,900 | ) |     |      | (5,384,145 | ) |     |              | (5,733,590  | ) |     |      | (15,390,894 | ) |
| Profit/(Loss) before income taxes |     | $            | (7,922,063 | ) |     | $    | 14,425,439 |   |     | $            | (13,805,617 | ) |     | $    | (26,757,978 | ) |

The Company has computed income tax expense/(benefit) for the three months and nine months ended December 31, 2024 and December