INCOME TAXES

12 Months Ended

Mar. 31, 2026

10. INCOME TAXES

Income taxes

The provision for income taxes differs from that computed at combined corporate tax rate of approximately 26% as follows:

Income before income taxes

The components of loss before income taxes by tax jurisdiction were as follows:

	Year ended March 31, 2026			Year ended March 31, 2025
Jurisdiction	$			$
United States		(1,798,285	)		(7,498,139	)
Canada		(765,832	)		(923,040	)
Loss before income taxes		(2,404,139	)		(8,421,179	)

Income tax expense (benefit)

The provision (benefit) for income taxes differs from the amount computed by applying the Company’s combined federal and state statutory income tax rate of approximately 26% to loss before income taxes as follows:

Description	2026 Amount			2026 Rate			2025 Amount			2025 Rate
Tax at Statutory rate		(625,076	)		(26.0	)%		(2,189,707	)		(26.0	)%
Non-deductible expenses		259,068			10.8	%		1,322,198			15.7	%
Other temporary differences		(12,025	)		(0.5	)%		(988	)		_
Change in valuation allowance		378,033			15.7	%		868,497
Income tax expense (benefit)		-			0	%		-			0	%

Deferred tax assets

SCHEDULE OF DEFERRED TAX ASSETS

	As at March 31, 2026			As at March 31, 2025
	$			$
Non-capital loss carry forwards		19,550,273			19,078,653
Other temporary differences		14,646			3,803
Valuation allowance		(19,564,919	)		(19,082,456	)
Deferred tax assets		—			—

BIOTRICITY INC.

Notes to Consolidated Financial Statements

Years ended March 31, 2026 and 2025

(Expressed in US Dollars)

As of March 31, 2026 and 2025, the Company decided that a valuation allowance relating to the above deferred tax assets of the Company was necessary, largely based on the negative evidence represented by losses incurred and a determination that it is not more likely than not to realize these assets, such that, a corresponding valuation allowance, for each respective period, was recorded to offset deferred tax assets.

As of March 31, 2026 and 2025, the Company has approximately $75,193,358 and $73,379,434, respectively, of non-capital losses available to offset future taxable income. These losses will expire between 2035 to 2039.

As of March 31, 2026, and 2025 the Company was not subject to any uncertain tax positions.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

BIOTRICITY INC. 10-K