INCOME TAXES (Tables)
|
3 Months Ended |
12 Months Ended |
Oct. 31, 2016 |
Jul. 31, 2016 |
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| |
|
October 31, 2016 |
|
|
July 31, 2016 |
|
| |
|
(Unaudited) |
|
|
|
|
| Deferred tax assets: |
|
|
|
|
|
|
| Net operating losses |
$ |
76,320
|
|
$ |
228,278
|
|
| |
|
|
|
|
|
|
| Total deferred tax assets |
|
76,320
|
|
|
228,278
|
|
| Less: valuation allowance |
|
(76,320
|
) |
|
(228,278
|
) |
| |
|
|
|
|
|
|
| Deferred tax assets, net |
$ |
-
|
|
$ |
-
|
|
|
| |
|
2016 |
|
|
2015 |
|
|
2014 |
|
| Deferred tax assets: |
|
|
|
|
|
|
|
|
|
| Net operating losses |
$ |
228,278
|
|
$ |
78,278
|
|
$ |
170,552
|
|
| |
|
|
|
|
|
|
|
|
|
| Total deferred tax assets |
|
228,278
|
|
|
78,278
|
|
|
170,552
|
|
| Less: valuation allowance |
|
(228,278
|
) |
|
(78,278
|
) |
|
(170,552
|
) |
| |
|
|
|
|
|
|
|
|
|
| Deferred tax assets, net |
$ |
-
|
|
$ |
-
|
|
$ |
-
|
|
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| |
|
For the three months |
|
|
For the three months |
|
| |
|
Ended |
|
|
ended |
|
| |
|
October 31, 2016 |
|
|
October 31, 2015 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| Current tax expense |
$ |
(235
|
) |
$ |
48,386
|
|
| Deferred tax expense |
|
(32,948
|
) |
|
(81,238
|
) |
| Tax expense (benefit) |
$ |
(33,183
|
) |
$ |
(32,852
|
) |
|
| |
|
|
|
|
|
|
|
For the |
|
| |
|
For the |
|
|
For the |
|
|
year |
|
| |
|
year |
|
|
year |
|
|
ended |
|
| |
|
|
|
|
|
|
|
July 31, |
|
| |
|
ended |
|
|
ended |
|
|
2014 |
|
| |
|
July 31, |
|
|
July 31, |
|
|
|
|
| |
|
2016 |
|
|
2015 |
|
|
|
|
| Current tax expense |
$ |
196,099
|
|
$ |
833,452
|
|
$ |
-
|
|
| Deferred tax expense |
|
30,583
|
|
|
83,388
|
|
|
-
|
|
| Benefits of operating loss carryforwards |
|
-
|
|
|
-
|
|
|
(113,932
|
) |
| Tax expense (benefit) |
$ |
226,682
|
|
$ |
916,840
|
|
$ |
(113,932
|
) |
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| |
|
For the three months |
|
|
For the three months |
|
| |
|
ended |
|
|
ended |
|
| |
|
October 31, 2016 |
|
|
October 31, 2015 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| Statutory U.S. tax rate |
|
34.00%
|
|
|
34.00%
|
|
| PRC Statutory Tax Rate |
|
25.00%
|
|
|
25.00%
|
|
| HK Statutory Tax Rate |
|
15.00%
|
|
|
15.00%
|
|
| Less: Valuation Allowance |
|
(
73.96%
|
) |
|
(
27.47%
|
) |
| |
|
|
|
|
|
|
| Deferred Tax |
|
4.81%
|
|
|
(
33.13%
|
) |
| Tax expense (benefit) |
|
4.85%
|
|
|
13.40%
|
|
|
| |
|
|
|
|
|
|
|
For the |
|
| |
|
For the year |
|
|
For the year |
|
|
year |
|
| |
|
ended |
|
|
ended |
|
|
ended |
|
| |
|
July 31, |
|
|
July 31, |
|
|
July 31, |
|
| |
|
2016 |
|
|
2015 |
|
|
2014 |
|
| Statutory U.S. tax rate |
|
34.00%
|
|
|
34.00%
|
|
|
34.00%
|
|
| PRC Statutory Tax Rate |
|
25.00%
|
|
|
25.00%
|
|
|
25.00%
|
|
| HK Statutory Tax Rate |
|
15.00%
|
|
|
15.00%
|
|
|
15.00%
|
|
| Less: Valuation Allowance |
|
(92.85%
|
) |
|
(45.44%
|
) |
|
(59.67%
|
) |
| Nondeductible/nontaxable items |
|
(40.57%
|
) |
|
29.40%
|
|
|
-
|
|
| Tax expense (benefit) |
|
(59.42%
|
) |
|
57.96%
|
|
|
14.33%
|
|
|
| Schedule of Effective Income Tax Expense Reconciliation [Table Text Block] |
|
| |
|
|
|
|
|
|
|
For the |
|
| |
|
For the year |
|
|
For the year |
|
|
year |
|
| |
|
ended |
|
|
ended |
|
|
ended |
|
| |
|
July 31, |
|
|
July 31, |
|
|
July 31, |
|
| |
|
2016 |
|
|
2015 |
|
|
2014 |
|
| Statutory U.S. tax rate |
$ |
(228,278
|
) |
$ |
(78,278
|
) |
$ |
(170,552
|
) |
| PRC Statutory Tax Rate |
|
71,923
|
|
|
451,874
|
|
|
(113,932
|
) |
| HK Statutory Tax Rate |
|
(185
|
) |
|
(252
|
) |
|
(675
|
) |
| Less: Valuation Allowance |
|
228,463
|
|
|
464,966
|
|
|
171,227
|
|
| Nondeductible/nontaxable items |
|
154,759
|
|
|
75,530
|
|
|
-
|
|
| Tax expense (benefit) |
$ |
226,682
|
|
$ |
916,840
|
|
$ |
(113,932
|
) |
|
| Subsidiaries in PRC [Member] |
|
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| |
|
October 31, 2016 |
|
|
July 31, 2016 |
|
| |
|
(Unaudited) |
|
|
|
|
| Deferred tax assets: |
|
-
|
|
|
-
|
|
| Net operating losses |
$ |
-
|
|
$ |
-
|
|
| |
|
|
|
|
|
|
| Total deferred tax assets |
|
|
|
|
|
|
| Less: valuation allowance |
|
-
|
|
|
-
|
|
| |
|
|
|
|
|
|
| Deferred tax assets, net |
$ |
-
|
|
$ |
-
|
|
| |
|
|
|
|
|
|
| Deferred tax liabilities: |
|
|
|
|
|
|
| Timing differences of revenue recognition |
$ |
72,946
|
|
$ |
107,609
|
|
| |
|
|
|
|
|
|
| Total deferred tax liabilities |
|
72,946
|
|
|
107,609
|
|
|
| |
|
2016 |
|
|
2015 |
|
|
2014 |
|
| Deferred tax assets: |
|
|
|
|
|
|
|
|
|
| Net operating losses |
$ |
-
|
|
$ |
-
|
|
$ |
111,844
|
|
| |
|
|
|
|
|
|
|
|
|
| Total deferred tax assets |
|
-
|
|
|
-
|
|
|
111,844
|
|
| Less: valuation allowance |
|
-
|
|
|
-
|
|
|
-
|
|
| |
|
|
|
|
|
|
|
|
|
| Deferred tax assets, net |
$ |
-
|
|
$ |
-
|
|
$ |
111,844
|
|
| |
|
|
|
|
|
|
|
|
|
| Deferred tax liabilities: |
|
|
|
|
|
|
|
|
|
| Timing differences of revenue recognition |
$ |
107,609
|
|
$ |
83,101
|
|
$ |
-
|
|
| |
|
|
|
|
|
|
|
|
|
| Total deferred tax liabilities |
|
107,609
|
|
|
83,101
|
|
|
-
|
|
|