Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1897

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 6
Chunk 1897
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. The Company believes these orders are unlikely to be sustained
at the higher appellate authorities.

Deferred income taxes reflect the net tax effects
of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used
for income tax purposes. The Company’s deferred income tax assets and liabilities as of March 31, 2025 and 2024 consisted of the
following:

    Year ended 
    March 31, 
2025  
    March 31, 
2024 
  
    Deferred tax assets: 

    Net operating loss carryforwards 
     39,199,954  
     44,873,459 
  
    Trade Receivable 
     3,358  
     - 
  
    Assets held for sale 
     110,941  
     - 
  
    Restricted stock units 
     11,950  
     - 
  
    Provision for expenses 
     1,062,347  
     - 
  
    Gratuity 
     76,127  
     - 
  
    Leave encashment 
     59,273  
     - 
  
    Bonus 
     52,526  
     - 
  
    Total deferred tax assets 
     40,576,476  
     44,873,459 
  
    Less: Valuation allowance 
     (39,174,653) 
     (43,709,941)
  
    Deferred tax assets, net of valuation allowance 
     1,401,823  
     1,163,518 
  
    Deferred tax liabilities: 

    Right of use assets, net of Lease liability 
     (444,747) 
     (172,747)
  
    Depreciation on property plant and equipment and intangible assets 
     (358,219) 
     (361,674)
  
    Borrowings 
     (598,857) 
     (629,097)
  
    Others 
     -  
     - 
  
    Total deferred tax liabilities 
     (1,401,823) 
     (1,163,518)
  
    Net deferred tax assets 
     -  
     - 

In assessing the realization of the deferred tax assets, management
considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The