INCOME TAXES (Tables)

6 Months Ended

Mar. 31, 2025

The following table reconciles income taxes based on the U.S. statutory tax rate to the Company’s income tax expense:

SCHEDULE OF RECONCILES INCOME TAXES

	March 31, 2025			March 31, 2024
	For the three months ended
	March 31, 2025			March 31, 2024
Loss before income tax	$	(384,883	)	$	(182,275	)
Statutory tax rate		30.8	%		30.8	%
Tax at the domestic income tax rate		(118,543	)		(56,139	)

Tax effect of tax losses not recognized		114,578			52,254
State franchise tax		(5,298	)		-
Non-deductible expenses		161			661
Difference in state tax rate		3,804			3,224
Total income tax expense	$	(5,298	)	$	-

AETHER HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 12 — INCOME TAXES (continued)

The following table reconciles income taxes based on the U.S. statutory tax rate to the Company’s income tax expense (continued):

	March 31, 2025			March 31, 2024
	For the six months ended
	March 31, 2025			March 31, 2024
Income (Loss) before income tax	$	(707,082	)	$	(276,214	)
Statutory tax rate		30.8	%		30.8	%
Tax at the domestic income tax rate		(217,782	)		(85,074	)

Tax effect of tax losses not recognized		210,103			79,247
State franchise tax		(5,298	)		-
Non-deductible expenses		376			823
Difference in state tax rate		7,303			5,004
Total income tax expense	$	(5,298	)	$	-

Significant components of deferred income tax assets and liabilities were as follows:

	March 31, 2025			September 30, 2024
Tax Loss Carryforward	$	577,631		$	367,528
Valuation allowance for deferred tax assets		(577,631	)		(367,528	)
Total deferred income tax assets (liabilities)	$	-		$	-

Aether Holdings, Inc. 10-Q