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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Durank question – pre march mock exam 2024
Hello,
I do not understand how tax loss was calculated in Durank NPV?
There is a tax “gain” equaling to 10% of the loss?
Please help as we do not have this type of taxation in my country.
Usually losses are carried forward (not 10% of the loss but the actual loss) to the next year.
Thanks
The question specifically says that any tax losses can be relieved in the same year (so losses are not carried forward).
oh so this is what relieved means
thanks
You are welcome 🙂