Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Income Tax Expense - Schedule of Income Tax Expense (Details)

v3.22.2
Income Tax Expense - Schedule of Income Tax Expense (Details) - USD ($)
12 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 29, 2020
Current tax expense      
Current year   $ 4,090,059 $ 1,592,549
Under provision in prior year $ 88,588 543,457  
Current tax expense 88,588 4,633,516 1,592,549
Deferred tax expense      
Origination of temporary differences 1,049,973 1,714,928  
Deferred tax expense 1,049,973 1,714,928  
Income tax expense 1,138,561 6,348,444 1,592,549
Reconciliation of effective tax rate      
Profit before income tax 34,562,090 51,601,156 15,173,340
Income tax using Singapore rate of 17% (2020: 17%) 5,875,555 8,772,196 2,579,468
Effect of tax rates in foreign jurisdiction (20,802) 918,306  
Non-deductible expenses 2,232,578 579,122 31,066
Tax exempt income (6,978,875) (4,451,909)  
Tax incentives (58,483) (12,728) (26,524)
Utilisation of tax losses carried forward     (372,852)
Utilisation of group tax relief     (569,143)
Under provision in prior year 88,588 543,457  
Others     (49,466)
Income tax expense $ 1,138,561 $ 6,348,444 $ 1,592,549