Dividend payout amount
This query is : Resolved
05 October 2009
Hey,
I would like to know whether DDT should be considered while calculating the maximum amount payable as dividend (for private limited company)..and also how to disclose the DDT amount in Financials.. Response awaited..
I would like to know whether DDT should be considered while calculating the maximum amount payable as dividend (for private limited company)..and also how to disclose the DDT amount in Financials.. Response awaited..
Guest
Guest
(Expert)
05 October 2009
Yes, DDT should be considered.
Disclose it below the tax paid
Disclose it below the tax paid
06 October 2009
But in the provisions in the Companies Act, it all says about only dividend i.e. Dividend from current year and past year's profit and if the same are inadequate then use the reserves..DDT nowhere mentioned..
Guest
Guest
(Expert)
06 October 2009
DDT is not the reserve, It is tax payable by the company
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