INCOME TAXES

12 Months Ended

Jun. 30, 2025

NOTE 6 – INCOME TAXES

The components of the Company’s provision for Federal income tax for the years ended June 30, 2025 and 2024 consists of the following:

Schedule of provision for income taxes
	Year ended June 30, 2025			Year ended June 30, 2024
Federal income tax benefit attributable to:
Current Operations	$	58,853		$	35,165
Less: valuation allowance		(58,853	)		(35,165	)
Net provision for Federal income taxes	$	–		$	–

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

Schedule of deferred tax assets
	Year ended June 30, 2025			Year ended June 30, 2024
Deferred tax asset attributable to:
Net operating loss carryover	$	12,359		$	7,385
Less: valuation allowance		(12,359	)		(7,385	)
Net deferred tax asset	$	–		$	–

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $12,359 as of June 30, 2025 and $7,385 as of June 30, 2024, for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

Neolara Corp. 10-K