INCOME TAX

9 Months Ended

Aug. 31, 2024

Income Tax Disclosure [Abstract]

INCOME TAX

9. INCOME TAX

The loss from operation before income taxes of the Company for the nine months ended August 31, 2024 and period ended August 31, 2023 were comprised of the following:

	For the nine months ended August 31, 2024			Period ended August 31, 2023
	(Unaudited)			(Unaudited)
Tax jurisdictions from:	$			$
– Local		(427	)		(2,124	)
Loss from operation before income tax	$	(427	)	$	(2,124	)

United States of America

The Tax Act reduces the U.S. statutory corporate tax rate from 35% to 21% for our tax years beginning in 2018, which resulted in the re-measurement of the federal portion of our deferred tax assets from the 35% to 21% tax rate. The Company is registered in the State of Nevada and is subject to United States of America tax law. As of August 31, 2024, the operations in the United States of America incurred $25,122 of cumulative net operating losses (NOL’s) which can be carried forward to offset future taxable income. The NOL carryforwards begin to expire in 2044, if unutilized. The Company has provided for a full valuation allowance of approximately $5,276 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of August 31, 2024 and November 30, 2023:

	As of August 31, 2024			As of November 30, 2023
Deferred tax assets:
Net operating loss carryforwards
– United States of America	$	5,276		$	5,186
Less: valuation allowance		(5,276	)		(5,186	)
Deferred tax assets	$	-		$	-

Management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided for a full valuation allowance against its deferred tax assets of $5,276 as of August 31, 2024 and $5,186 as of November 30, 2023.