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can anyone help me with the basis period?

+3 Votes
November 10th 2014 AN ACCA USER 150 Points

2 Replies

+1 Vote

Basis period is used to calculate the taxable income in the first couple of years when the business starts.
The tax adjusted profits cannot be taken directly as the taxable income.

You can get more information on the following link

Basis period

It explains this in more details.

Regards,
Yagnik

November 25th 2014 AN ACCA USER 1,850 Points
0 Votes

Hi, what is exactly worrying you about the basis period?

November 10th 2014 AN ACCA USER 8,970 Points
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