When calculating augmented profits, when do u include franked investment income?
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TXFranked Investment..
@smily-acca,
Well , usually you calculate your taxable total profits, then show FII that is a sum of dividends from non associated companies, then sum up those two and u get augmented profits. And then depends on how u present data , u either show the limits of income or start to calculate your tax liability.
Well , usually you calculate your taxable total profits, then show FII that is a sum of dividends from non associated companies, then sum up those two and u get augmented profits. And then depends on how u present data , u either show the limits of income or start to calculate your tax liability.
FII comes into play when a company has received dividends from an entity which is not an associated company. Intra-group dividends are ignored
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