Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 136

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 136
---
 in valuation allowance                                                                      876,323                901,628                        652,712  
  Effective                                                             $                                            -      $         -                $                   -  

  (a)      The                                                                                                                                

Deferred
tax assets as of March 31, 2025 and 2024 consist of the following:

SCHEDULE
OF DEFERRED TAX ASSETS

                                                2025                                  2024                   
                                                As of March 31,                                              
                                                2025                                  2024                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net operating losses carryforwards            $                      3,569,742      $           2,689,073  
  Excess research and development expenses                                85,866                     90,212  
  Less: allowance on deferred tax assets                             ( 3,655,608                ( 2,779,285  
  Deferred                                      $                              -      $                   -  

The
movement of valuation allowance is as follows:

SCHEDULE
OF MOVEMENT OF VALUATION ALLOWANCE

                                        2025                                2024                 
                                        As of March 31,                                          
                                        2025                                2024                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────
  Balance at beginning of the year      $                    2,779,285      $         1,877,657  
  Current year addition                                        876,323                  901,628  
  Balance at end of the year            $                    3,655,608      $         2,779,285  

As
of March 31, 2025, the Company had net operating losses of $ 14,647,846 5,827,920 12,046,054 4,058,527

As
of March 31, 2025, the net operating losses of $14,647,846arise from the Hong Kong subsidiaries has no time limit and the net operating
losses of $5,827,920arise from the United States subsidiary are limited to80% of taxable income and can be utilized indefinitely.

The
Company evaluates its valuation allowance requirements at end of each reporting period by reviewing all available evidence, both positive
and negative, and considering whether, based on the weight of that evidence, a valuation allowance is needed. When circumstances cause
a change in management’s judgement about the realizability of deferred tax assets, the impact of the change on