Article 44

For FY 2023-24 corporate tax payable is 10 Lacs AED, withholding tax available is 2 Lacs AED, Foreign tax credit available is 2 Lacs AED. Calculate net cash flow.

In this scenario net cash outflow for corporate tax would be 6 Lac (10Lacs-2 Lacs-2 Lacs)

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