11 July 2013
our company has paid Dividend distribution Tax for the year 2012-13 how to show in financial statement. whether shall we claim DDT as a expenditure or not
11 July 2013
The provision for dividend would be made in Financial statement as proposed dividend. The DDT on proposed dividend should also be provided and shown under provisions. DDT can not be claimed as expenditure under Income Tax Act.
CAclubindia
