Annual report pursuant to Section 13 and 15(d)

DEFERRED TAX ASSETS (Details 1)

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DEFERRED TAX ASSETS (Details 1) - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
DEFERRED TAX LIABILITIES ASSETS (Tables)    
Profit before tax at 21% and 34% $ 36,335,000 $ 5,908,000
Global Intangible Low Taxed Income 18,451,000 4,803,000
Stock based compensation 348,000 551,000
Provision for impairment losses 187,000 (295,000)
Permanent differences 24,000 793,000
Valuation allowance (361,000) 416,000
Nontaxable gains (4,244,000) 401,000
Foreign tax credit (10,155,000) (3,503,000)
Foreign tax rate differential (10,487,000) (2,938,000)
Losses carried forward adjustment 0 (154,000)
Other differences 0 20,000
Income tax provision $ 30,098,000 $ 6,002,000