INCOME TAX EXPENSE

12 Months Ended

Apr. 30, 2025

NOTE 8－ INCOME TAX EXPENSE

The income tax provision for the years ended April 30, 2025 and 2024, consists of the following:

Schedule of income tax provision
	As of April 30,
	2025		2024

Federal
Current	$	310,699	$	64,869
Deferred		–		–

State
Current		42,859		–
Deferred		–		–

Income tax provision	$	353,558	$	64,869

As of April 30, 2025 and 2024, the Company’s net deferred tax assets are as follows:

Schedule of deferred tax assets
	As of April 30,
	2025			2024

Deferred tax assets:
Net operating loss	$	102,611		$	46,969
Total deferred tax assets		102,611			46,969

Less: valuation allowance		(102,611	)		(46,969	)
Deferred tax assets, net	$	–		$	–

The valuation allowance as of April 30, 2025 and 2024 was $102,611 and $46,969, respectively. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of April 30, 2025 and 2024. Up to six years since inception remain open for examination only by taxing authorities of US Federal and State of Nevada. The valuation allowance was attributed to Yijia Group Corp. which incurred a loss position.

A reconciliation of the federal income tax rate to the Company’s effective tax rate at April 30, 2025 and 2024, consists of the following:


	April 30,
	2025			2024
Statutory federal income tax rate		21.0%			21.0%
Deferred tax asset		(4.6%	)		20.3%
Change in valuation allowance		4.6%			(20.3%	)
Adjustment to current year taxes		4.6%			10.5%
Effective Tax Rate		25.6%			31.5%

The effective tax rate differs from the statutory tax rate of 21% for the years ended April 30, 2025 and 2024, primarily due to the adjustment to current year taxes and valuation allowance on the deferred tax assets.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

YIJIA GROUP CORP. 10-K