Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 225

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 225
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 |   |     |      SGD |   |     |      USD |   |
| Current income tax                                |     |          |   |     |          |   |     |          |   |
| Current year’s provision                          |     |   28,036 |   |     |   33,361 |   |     |   24,466 |   |
| Under provision in prior financial year           |     |   28,091 |   |     |        - |   |     |        - |   |
|                                                   |     |   56,127 |   |     |   33,361 |   |     |   24,466 |   |
| Deferred income tax                               |     |          |   |     |          |   |     |          |   |
| Origination and reversal of temporary differences |     |  (18,596 | ) |     |  (17,508 | ) |     |  (12,840 | ) |
|                                                   |     |   37,531 |   |     |   15,853 |   |     |   11,626 |   |

| F-33 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 20. | Income                  
 tax expense (Continued) |

Relationship between tax expense and accounting profits

A reconciliation between tax expense and the product of accounting profits multiplied by Singapore corporate income tax rate for the financial years ended April 30, 2023 and 2024 were as follows:

|                                               |     |    April 
 30, 2023 |   |     |     April 
  30, 2024 |   |     |     April 
  30, 2024 |   |
|:----------------------------------------------|:----|---------:|:--|:----|----------:|:--|:----|----------:|:--|
|                                               |     |      SGD |   |     |       SGD |   |     |       USD |   |
| Profit before income tax                      |     |  821,266 |   |     | 2,023,322 |   |     | 1,483,809 |   |
| Tax calculated at tax rate of 17% (2023: 17%) |     |  139,615 |   |     |