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INCOME TAXES
6 Months Ended
May 31, 2022
Accounting Policies [Abstract]  
INCOME TAXES

NOTE 6 – INCOME TAXES

 

The components of the Company’s provision for federal income tax for the six months ended May 31, 2022 and the year ended November 30, 2021 consists of the following:

 

   

May 31,

2022

  November 30, 2021
Federal income tax benefit attributable to:                
Current operations   $ 43,060     $ 26,445  
Less: valuation allowance     (43,060)   (26,445)
Net provision for federal income taxes   $     $  
                   

 

 

 

13

 

ANKAM

NOTES TO THE FINANCIAL STATEMENTS

As of May 31, 2022

(Unaudited)

 

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

 

   

May 31,

2022

  November 30, 2021
Deferred tax asset attributable to:                
Net operating loss carryover   $ 9,043     $ 5,553  
Less: valuation allowance     (9,043)   (5,553)
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 $43,060 as of May 31, 2022, 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.