Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 213

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 213
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 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 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