Taxable Profit/Income formula

Hi all

 

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

 

Is this formula correct? 

 

Regards

Replies (2)
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.

Not explicit

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

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