Deductions from Business Income Flashcards
1
Q
What are deductions that are allowed in Business Income
A
Universal - All allowed as per IAS/IFRS except where not allowed (DNA) or in a specific way like dep, etc (Specific sections 22-29)
General - IFRS,animals, ammalgamation
Speiall
Special - Dep/Amm,PCE,Scientific,training, interest, bad debts
DNA - S21
