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Discuss each items in Profit or Loss account that relates to computation of company corporate tax. (Example: In terms of business & non business income,

Discuss each items in Profit or Loss account that relates to computation of company corporate tax. (Example: In terms of business & non business income, allowable & non allowable expenses, etc). Give reason. sometimes I got confused how to difference it. image text in transcribed

Net profit before tax Less: Non-business income Interest Income (2,732,028) (1,313,092.) 52,075,499. Other income Add: nil hil nil remuneration ht mi Non-allowable expenses statutory audit other services underprovision in prior year, allowance for doubtfuldebt bad debt written off Employee benefit expenses excluding director's.. Director fee's Directay...other emolument Depreciation of_ppe Depreciation of right-of-yse assets Depreciation of light-afinate investment propedies Interest expenses en leuse liabilities Inventories written off IPPE written off Realised exchange losses. Rental expenses Wages, salaries and allowance social security_cost for staff (50*2.)X51202 Other staff related expenses. 5,594,241 517,287 62,967 hil 1820 489, 231 512,966 484 bil 2015 soi nil

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