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The chargeable income of your company may be different from the net profit/ loss shown in its accounts. This is because some of the expenses incurred by your company may not be deductible for tax purposes. Similarly, some of the income received by your company may not be taxable or it may be taxed separately as a non-trade source income. Besides, you may wish to claim for capital allowances on your fixed assets or claim for unutilised losses/ capital allowances brought forward from your previous Years of Assessment.