Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1895

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 6
Chunk 1895
---
reed to issue shares and warrants to them. (Refer note 23).

    Other (income) - from related parties
  
    Interest income 
    $-  
    $(11,224)
  
    Total 
    $-  
    $(11,224)

F-37

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

27Income taxes

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

    (In USD) 
    March 31, 2025  
    March 31, 2024 

    Domestic 
    $(17,567,764) 
    $(11,618,649)
  
    Foreign 
     (8,054,539) 
     (22,658,603)
  
    Profit/(Loss) before income taxes 
    $(25,622,303) 
    $(34,277,252)

The following is a reconciliation of the statutory federal income tax rate to our effective tax rate

    March 31,
 2025  
    March 31,
 2024 
  
    Accounting profit/(loss) before tax 
     (25,622,303) 
     (34,277,252)
  
    Tax using the Company’s domestic tax rate 
     (5,380,684) 
     (7,198,223)

    Federal statutory income tax rate 
     21.0% 
     21.0%
  
    Tax impact of : 

    U.S. state and local taxes 
     0.3% 
     1.5%
  
    Federal benefit for state taxes 
     -0.3% 
     -1.5%
  
    Valuation allowance 
     -22.2% 
     -23.6%
  
    Difference in tax rates 
     1.2% 
     2.6%
  
    Effective tax rate 
     0.0% 
     0.0%
  
    Current Tax expense 
     -  
     - 
  
    Deferred Tax expense 
     -  
     - 
  
    Income tax expense reported in the Statement of profit and loss/Effective Tax Rate 
     -  
     - 

Zoomcar Holdings, Inc. has unused tax losses amounting to $7,419,217
and $57,385 as at March 31,