query on profit limit of 1.5M

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May 12, 2021 at 1:28 pm #620398
Pratibhapahwa4313
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If one of the company of the group is based overseas, would that profit limit of 1.5M be divided including that overseas company too ? or do we ignore that ?

thanks in advance sir
May 15, 2021 at 1:22 pm #620657
Tax Tutor
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Yes – overseas companies are included as related 51% group companies for this purpose
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