Taxable profit and tax benefit

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,