INCOME TAXES

6 Months Ended

Apr. 30, 2024

INCOME TAXES

INCOME TAXES

NOTE 7 – INCOME TAXES

The components of the Company’s provision for federal income tax for the six months ended April 30, 2024 and the year ended October 31, 2023 consists of the following:

	April 30, 2024			October 31, 2023
Federal income tax benefit attributable to:
Current operations	$	16,575		$	9,412
Less: valuation allowance		(16,575	)		(9,412	)
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:

	April 30, 2024			October 31, 2023
Deferred tax asset attributable to:
Net operating loss carryover	$	3,481		$	1,977
Less: valuation allowance		(3,481	)		(1,977	)
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 $16,575 as of April 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.