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INTANGIBLE ASSETS
12 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE – 5 INTANGIBLE ASSETS

 

As of March 31, 2024 and 2023, intangible assets consisted of the following: 

           
   Useful life  March 31, 2024   March 31, 2023 
At cost:             
Website development cost  5 years  $21,147   $21,352 
Trademarks  10 years   2,545    2,552 
Less: accumulated amortization      (13,254)   (8,799)
Foreign translation adjustment      48    (168)
      $10,486   $14,937 

 

During the year ended March 31, 2024, amortization of intangible assets was $4,499. During the year ended March 31, 2023, there was amortization of intangible assets of $4,490.

 

As of March 31, 2024, the estimated amortization expense for intangible assets for each of the succeeding five years and thereafter is as follows: 

    
Year ending March 31:  Amount 
2025  $4,498 
2026   4,498 
2027   255 
2028   255 
2029   255 
Thereafter   725 
Total  $10,486