INCOME TAX

3 Months Ended

Oct. 31, 2024

Income Tax Disclosure [Abstract]

INCOME TAX

8. INCOME TAX

The loss from operation before income taxes of the Company for the three months ended October 31, 2024 and 2023 were comprised of the following:

	For the three months ended October 31
	2024			2023
Tax jurisdictions from:
– Local	$	(83	)	$	(11,993	)
Loss before income taxes	$	(83	)	$	(11,993	)

United States of America

The Tax Act reduces the U.S. statutory corporate tax rate from 35% to 21% for our tax years beginning in 2018, which resulted in the re-measurement of the federal portion of our deferred tax assets from the 35% to 21% tax rate. The Company is registered in the State of Nevada and is subject to United States of America tax law. As of October 31, 2024, the operations in the United States of America incurred $57,979 of cumulative net operating losses (NOL’s) which can be carried forward to offset future taxable income. The NOL carryforwards begin to expire in 2042, if unutilized. The Company has provided for a full valuation allowance of approximately $12,176 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of October 31, 2024 and July 31, 2024:

	As of			As of
	October 31, 2024			July 31, 2024
Deferred tax assets:
Net operating loss carryforwards
– United States of America	$	12,176		$	12,158
Less: valuation allowance		(12,176	)		(12,158	)
Deferred tax assets	$	-		$	-

Management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided for a full valuation allowance against its deferred tax assets of $12,176 as of October 31, 2024.