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Sir is the method where taxable profit is comapared with actual profits applicable to all questions where capital allowances are to be dealt with? I find it much quicker than calculating tax then later on capital allowances
I am not sure what you mean by “taxable profit is compared with actual profits”
If you mean calculating the taxable profits and therefore the tax payable as workings, and then putting the tax payable in the schedule of cash flows, then yes – that is always a valid way of doing it.
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