Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 700

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1B
Chunk 700
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,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, 2025 and March 31, 2024 which can be carried forward indefinitely.

Zoomcar , Inc. has unused tax losses amounting to $44,313,887 and $43,682,141
as at March 31, 2025 and March 31, 2024. $43,498,761 can be carried forward indefinitely, whereas $64,347 can be carried forward upto
2033; $294,720 upto 2034; $220,520 upto 2035; $115,253 upto 2036 and $120,286 upto 2037.

The Company’s operations are primarily based out of Indian jurisdiction.
There are unused tax losses amounting to $113,344,007 and $138,314,491 as at March 31, 2025 and March 31, 2024, respectively in the Indian
subsidiary. The tax benefit for these losses, if not utilized, will expire on various dates starting from financial year 2024 to 2031.
Additionally, net operating losses amounting to $38,896,865 (March 31, 2024: $39,298,484) is available for