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This discussion created by guest account #jahid0676 | Taxnotes

This discussion created by guest account #jahid0676

Original Law Text

&ldquoNotwithstanding any other provision of this Act, for the purpose of ascertaining the profit of any company for any period...”

Section 27(1):

No deduction shall be allowed for the purpose of ascertaining the profits of any company in respect of—

Capital employed as improvements.

Any sum recoverable under an insurance or contract of indemnity.

Simplified Explanation

This section explains which business expenses may not be allowed as deductions when calculating your taxable profit.

Accounting & Bookkeeping

Hi this is a test from @jahid0676 Hi this is a test from @jahid0676 Hi this is a test from @jahid0676

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Jahid HossainWeb Developer • Jun 25

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Jahid HossainWeb Developer • Jun 26

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