Income Tax (Tables)

12 Months Ended

Mar. 31, 2024

Income Tax [Abstract]

Schedule of Income Tax

Income tax consist of the following for the year ended March 31, 2024:

	For the year ended  March 31, 2024		For the year ended   March 31, 2023
	(US$)		(US$)
Current tax expenses	$	119,238	$	387,407
Deferred tax (benefit) / expense		28,241		135,640
Income tax expense	$	147,479	$	523,047

Schedule of Consolidated Statement of Comprehensive Income

Consolidated statement of comprehensive income

	For the year ended   March 31, 2024			For the year ended   March 31, 2023
	(US$)			(US$)
Deferred tax related to item charged directly to equity:
Net loss/(gain) on translations of foreign subsidiaries	$	(27,701	)	$	(72,663	)
Total	$	(27,701	)	$	(72,663	)

Schedule of Reconciliation of Deferred Tax (Liabilities)/Asset Net

The tax associated with such an item is also recognized in other comprehensive income or equity respectively.

	As of March 31, 2024			As of March 31, 2023
	(US$)			(US$)
Accounting profit before tax	$	800,653		$	(1,112,790	)
Less: Net profit/(loss) of the Lytus BVI and non-taxable loss / (profit) of GHSI		114,296			(3,134,953	)
Net Accounting profit		686,357			2,022,163
At Indian statutory income tax rate of 25.17%		224,878			508,979
Accelerated tax depreciation		(131,667	)		(139,328	)
Others mainly timing differences		19,728			8,038
Exchange differences		6,299			(9,718	)
Current income tax expense reported on consolidated statements of profit or loss and other comprehensive income	$	119,238			387,407

Schedule of Financial Statement

Reflected in the financial statement of financial position as follows:

	As of March 31, 2024			As of March 31, 2023
	(US$)			(US$)
Opening balance	$	399,174			3,305,308
Acquired in business combination		—			121,319
Current income tax accrual		119,238		$	387,407
Adjustment on account of modification		—			(3,399,850	)
Exchange rate difference		(3,565	)		(15,010	)
Taxes paid/adjustments		(354,581	)		—
Closing balance of current income taxes payables	$	160,266		$	399,174

Schedule of Deferred Tax

Deferred tax relates to the following temporary differences:

	As of March 31, 2024		As of March 31, 2023
	(US$)		(US$)
Deferred tax assets
Temporary timing differences	$	70,463	$	(22,878	)
Foreign currency translations of foreign subsidiary		—		126,624
Total deferred tax assets	$	70,463	$	103,746
Deferred tax liabilities
Accelerated depreciation on tangible and intangible assets	$	498,112	$	1,625,271
Acquired in business combination		—		295,177
Temporary differences		—		9,929
On translations of foreign subsidiary operations		3,381		72,663
Reversed in deconsolidation/Modification of contracts		—		(1,533,644	)
Exchange rate difference		—		(8,963	)
Total deferred tax liabilities	$	494,731	$	478,359

Schedule of Reconciliation of Deferred Tax (Liabilities)/Asset Net

Reconciliation of deferred tax (liabilities)/asset net:

	As of March 31, 2024			As of March 31, 2023
	(US$)			(US$)
Opening balance	$	(374,613	)	$	(1,407,020	)
Tax expense during the period recognised in profit & loss		(131,677	)		(135,640	)
Exchange rate difference		(6,134	)		(37,613	)
Tax expenses during the period recognised in other comprehensive income		39,771			(72,663	)
Temporary timing differences		31,066			(9,929	)
Reversed on deconsolidation of a subsidiary		(146,715	)		(1,510,767	)
Acquired in business combination		—			(295,177	)
Total deferred tax (liabilities)/assets net	$	(424,268	)	$	(374,613	)