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Income Tax Provision (Tables)
3 Months Ended
Dec. 31, 2024
Income Tax Provision  
Schedule of income tax provision

 

 

Three Months Ended

 

 

 

December 31,

2024

 

 

December 31,

2023

 

 

 

 

 

 

 

 

Net profit (loss) before income tax

 

$(3,981)

 

$(4,435)

Tax Expense (benefit) at the statutory tax rate

 

 

(836)

 

 

(931)

Tax effect of

 

 

 

 

 

 

 

 

Valuation allowance

 

 

836

 

 

 

931

 

Net operating loss tax assets deduction

 

 

 

 

 

 

-

 

Income tax expense (benefit)

 

$-

 

 

$-

 

Schdule of Components of Deferred Tax Assets

 

 

December 31,

2024

 

 

 September 30,

2024

 

 

 

 

 

 

 

 

Net Deferred Tax Asset Non-Current:

 

 

 

 

 

 

Net Operating Loss Carry-Forward

 

$(69,548)

 

 

(65,567)

Effective tax rate

 

 

21%

 

 

21%

Expected Income Tax Benefit from NOL Carry-Forward

 

 

(14,605)

 

 

(13,769)

Less: Valuation Allowance

 

 

14,605

 

 

 

13,769

 

Deferred Tax Asset, Net of Valuation Allowance

 

$-

 

 

 

-

 

Reconciliation of the Federal Statutory Income Tax Rate and the Effective Income Tax Rate

 

 

December 31,

2024

 

 

 September 30,

2024

 

 

 

 

 

 

 

 

Federal statutory income tax rate

 

 

21.0%

 

 

21.0%

Increase (reduction) in income tax provision resulting from:

 

 

 

 

 

 

 

 

Net Operating Loss (NOL) carry-forward

 

(21.0%)

 

 

(21.0%)

 

Effective income tax rate

 

 

0.0%

 

 

0.0%