Taxable Profit/Income formula

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Finance
4592 Points Posted on 26 October 2024

Hi all

 

Taxable Income=PBT+Non-deductible Expenses−Deductible Expenses+Income Exempt from Tax- Capital Allowances

 

Is this formula correct? 

 

Regards

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On 26 October 2024 at 18:37 Report
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Quick Summary
A user is seeking confirmation on the accuracy of a specific formula for calculating taxable income. The formula provided includes Profit Before Tax (PBT), non-deductible expenses, deductible expenses, tax-exempt income, and capital allowances. Another user has responded, questioning the formula's validity and the user's approach.

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Profession Business
28246 Points Posted on 26 October 2024
Not explicit
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On 26 October 2024 at 21:14
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Finance
4592 Points Posted on 27 October 2024

You started your non sensical style again. I'm not expounding deductible, non deductible etc. 

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On 27 October 2024 at 01:08

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