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Hello Tutor,
If we have to calculate the tax on profit in investment appraisal
and in the same time we have Tax benefits say of all types like depreciation allowance and if we any other tax relief
Then all those taxable amounts should be deducted from the profit before calculating the tax on profit
Am I correct ? .please correct me as I have just encountered that situation.
In Question Gini Co -Examiner’s report – FM March/June 2023
Thanks,
Hi
Sorry for this question I think it is an alternative approach not necessarily to be followed.
Thanks,
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