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  • CFAP 5 - Volume 1 (MQ) - Dec 2023 9

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    mnouman0309
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    The document discusses allowable deductions and tax credits that can be subtracted from taxable income amounts. It notes deductions can be taken under specific heads of income or from total income, and may create losses under a head of income. Deductible allowances mentioned include zakat, worker welfare funds, worker profit participation funds, and education expenses.

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    The document discusses allowable deductions and tax credits that can be subtracted from taxable income amounts. It notes deductions can be taken under specific heads of income or from total income, and may create losses under a head of income. Deductible allowances mentioned include zakat, worker welfare funds, worker profit participation funds, and education expenses.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    2 views1 page

    CFAP 5 - Volume 1 (MQ) - Dec 2023 9

    Uploaded by

    mnouman0309
    The document discusses allowable deductions and tax credits that can be subtracted from taxable income amounts. It notes deductions can be taken under specific heads of income or from total income, and may create losses under a head of income. Deductible allowances mentioned include zakat, worker welfare funds, worker profit participation funds, and education expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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