Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 190

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 190
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 expenses      $              294,179      $         334,071      $         222,690  

F-21

  GRANDE                                      
  GROUP LIMITED                               
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  
  FOR THE YEARS ENDED MARCH                   
  31, 2025, 2024 and 2023                     
                                              
  (Stated                                     
  in US Dollars)                              
 ──────────────────────────────────────────────

NOTE
13 - PROVISION FOR INCOME TAXES

The
following table reconciles statutory rate to effective tax rate:

                                             March 31,                          
                                                  2025                          
 ────────────────────────────────────────────────────────────────────────────────
  Hong Kong statutory income tax rate            16.50       16.50       16.50  
  – Non-taxable income                          ( 0.10      ( 0.10      ( 0.63  
  – Non-deductible expenses                       0.99        0.16        0.09  
  – Temporary difference not recognized         ( 0.90        0.12        0.33  
  – Tax reduction                               ( 0.01      ( 0.02      ( 0.05  
  – Income tax at concessionary rate            ( 1.11      ( 0.99      ( 1.41  
  Effective tax rate                             15.37       15.67       14.83  

Realization
of the Company’s deferred tax asset is dependent upon the Company generating sufficient taxable income in future years to
obtain benefit from the reversal of temporary differences.

Uncertain
tax positions are evaluated based upon the facts and circumstances that exist at each reporting period. Subsequent changes in judgment
based upon new information may lead to changes in recognition, derecognition, and measurement. Adjustment may result, for example, upon
resolution of an issue with the taxing authorities or expiration of a statute of limitations barring an assessment for an issue. As of
March 31, 2025, 2024 and 2023, the Company has no uncertain tax positions.

The
Company files income tax returns in Hong Kong. The Company’s tax returns from inception through March 31, 2025 remain
open and subject to examination. The Company is not currently under examination by any taxing authorities.

The
Company’s policy is to recognize interest and penalties related to income tax matters as