Taxes (Tables)

12 Months Ended

Sep. 30, 2024

A reconciliation of the income tax benefit determined at the statutory income tax rate to the Company’s income taxes is as follows:

	For The Year Ended
	September 30,
	2024			2023
Loss before income taxes	$	(2,256,510	)	$	(3,293,039	)
PRC statutory income tax rate		25	%		25	%
Income tax benefit computed at statutory corporate income tax rate		(564,128	)		(823,260	)
Reconciling items:
Non-deductible expenses		310,227			8,103
Change in valuation allowance		253,901			815,157
Income tax expenses (benefits)	$	-		$	-

The tax effects of temporary differences that give rise to the deferred tax balances as of September 30, 2024 and 2023 are as follows:

	September 30,			September 30,
	2024			2023
Deferred tax asset:
Bad debt provision	$	117,361		$	108,897
Inventory provision		96,033			-
Long-term asset impairment		12,642			-
Accrued liabilities		36,143			-
Tax loss carryforward		1,288,154			678,736
Totals		1,550,333			787,633
Less: Allowance of deferred tax asset	$	(1,550,333	)	$	(787,633	)
Net amount		-			-

Taxes payable consisted of the following:

	September 30,		September 30,
	2024		2023

Company income tax payable	$	1,942,488	$	1,867,816
VAT tax payable		1,407,181		1,358,660
Individual income tax payable		2,046,261		1,967,324
Other taxes payable		177,074		170,139
Totals	$	5,573,004	$	5,363,939

Zhuoxun Hongtu Inc. 10-K