Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1898

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 6
Chunk 1898
---
 ultimate realization
of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing
net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future
taxable income and tax planning strategies in making this assessment. After consideration of all of the information available, management
believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established
a full valuation allowance. For the year ended March 31, 2025, the change in the valuation allowance was $4,535,288.

The Company has computed income tax expense/(benefit)
for the year ended March 31, 2025 and March 31, 2024 by using a forecasted annual effective tax rate and adjust for any discrete items
arising during the period. The Company has recorded $NIL tax expense for all of the periods. Our effective tax rate was 0.00%, 0.00% for
the year ended March 31, 2025 and March 31, 2024, respectively. The Company has computed a valuation allowance on deferred tax assets
for the year ending March 31, 2025 and hence no deferred tax asset is recognized as of March 31, 2025. The effective tax rate differs
from the statutory tax rate of 21% for the years ended March 31, 2025 and 2024, due to changes in valuation allowance on the deferred
tax assets.

The Company has received various orders from Indian
tax authorities, for details Refer Note 34.

F-39

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

28Net loss per share

The components of basic and diluted loss per share were as
follows:

    (In USD, except loss per share) 
    March 31, 2025  
    March 31, 2024 

    Net loss available for common shareholders (A) 
    $(25,622,303) 
    $(34,277,252)
  
    Weighted average outstanding shares of common stock (B) 
     494,276  
     8,927 
  
    Dilutive effect of potentially dilutive outstanding securities 
     -  
     - 
  
    Common stock and common stock equivalents (C) 
     494,276  
     8,927 
  
    Loss per share