Income Taxes (Tables)

6 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The Company's net loss before provision for income taxes for the three months and six months periods ended September 30, 2023 and September 30, 2022 was as follows:

Particulars	For the three months ended September 30, 2023			For the three months ended September 30, 2022			For the six months ended September 30, 2023			For the six months ended September 30, 2022
Domestic		(5,606,269	)		(6,435,467	)		(9,350,380	)		(8,602,187	)
Foreign		(25,504,049	)		(1,029,514	)		(25,804,523	)		(1,482,275	)
Total		(31,110,318	)		(7,464,981	)		(35,154,903	)		(10,084,462	)

Schedule of Components of Provision for Income Taxes

The components of the provision for income taxes for the three months and six months periods ended September 30, 2023 and September 30, 2022 was as follows:

Particulars	For the three months ended September 30, 2023			For the three months ended September 30, 2022			For the six months ended September 30, 2023			For the six months ended September 30, 2022
Current:
Domestic		—			—			—			—
Foreign		50,135			4,901			72,077			4,901
		50,135			4,901			72,077			4,901
Deferred:
Domestic		—			—			—			—
Foreign		(39,196	)		(1,454	)		(38,727	)		(2,893	)
		(39,196	)		(1,454	)		(38,727	)		(2,893	)
Total provision for income taxes		10,939			3,447			33,350			2,008

Schedule of Reconciliation of Statutory Federal Income Tax Rate

The following is a reconciliation of the federal statutory income tax rate to the Company’s effective tax rate for the three months and six months periods ended September 30, 2023 and September 30, 2022 was as follows:

Particulars	For the three months ended September 30, 2023			For the three months ended September 30, 2022			For the six months ended September 30, 2023			For the six months ended September 30, 2022
Federal statutory income tax rate		21.00	%		21.00	%		21.00	%		21.00	%
Non deductible expenses		0.14	%		(0.26	%)		(6.86	%)		(2.35	%)
Valuation allowance		(21.00	%)		(20.90	%)		(14.13	%)		(18.28	%)
Foreign rate differential		(0.24	%)		0.65	%		(0.18	%)		0.63	%
Other		0.06	%		(0.54	%)		0.08	%		(1.02	%)
Total provision for income taxes		(0.04	%)		(0.05	%)		(0.09	%)		(0.02	%)

Schedule of Net Deferred Tax Assets

The components of the Company’s net deferred tax assets as of the period ended September 30, 2023 and year ended March 31, 2023 was as follows:

Particulars	As of September 30, 2023			As of March 31, 2023
Deferred tax assets:
Net operating loss carryforwards		13,428,233			8,480,316
Unabsorbed depreciation carryforwards		88,168			54,438
Retirement benefits		77,720			56,603
Depreciation and amortization		79,816			50,918
Others		20,100			5,965
Total deferred tax assets		13,694,037			8,648,240
Less: valuation allowance		(13,533,306	)		(8,565,895	)
Deferred tax assets, net of valuation allowance		160,731			82,345
Deferred tax liabilities:
Intangibles on account of business combination		(567,394	)		—
Net deferred tax assets/ (liabilities)		(406,663	)		82,345

Schedule of Movement in Net Deferred Tax Assets

Movement in net deferred tax assets:

	As of March 31, 2023			Recognised/ reversed through statements of operations			Impact of currency translation and acquisitions			As of September 30, 2023
Deferred tax assets:
Net operating loss carryforwards		8,480,316			4,947,917			—			13,428,233
Unabsorbed depreciation carryforwards		54,438			33,730			—			88,168
Retirement benefits		56,603			21,117			—			77,720
Depreciation and amortization		50,918			28,898			—			79,816
Fair value changes on convertible notes		—			—			—			—
Others		5,965			14,135			—			20,100
Less: valuation allowance		(8,565,895	)		(4,967,411	)		—			(13,533,306	)
Deferred tax liabilities:
Intangibles on account of business combination		—			(567,394	)		—			(567,394	)
Acquisitions		—			540,194			(540,194	)		—
Currency translation		—			(12,459	)		12,459			—
Net deferred tax assets/ (liabilities)		82,345			38,727			(527,735	)		(406,663	)

Particulars	As of March 31, 2022			Recognised/ reversed through statements of operations			Impact of currency translation and acquisitions		As of March 31, 2023
Deferred tax assets:
Net operating loss carryforwards		5,742,033			2,738,283			—		8,480,316
Unabsorbed depreciation carryforwards		9,174			45,264			—		54,438
Retirement benefits		53,656			2,947			—		56,603
Depreciation and amortization		25,232			25,686			—		50,918
Fair value changes on convertible notes		3,967			(3,967	)		—		—
Others		288,348			(282,383	)		—		5,965
Less: valuation allowance		(6,052,307	)		(2,513,588	)		—		(8,565,895	)
Deferred tax liabilities:
Intangibles on account of business combination		(117,729	)		117,729			—		—
Currency translation		—			(1,286	)		1,286		—
		(47,626	)		128,685			1,286		82,345