15 April 2012
I m very confused...for preparing financial statements of companies...ddt is to be deducted or not? In books...it is shown but tution frnds say...they have been taught nothing like that.....if yes? Then at what rate? In books 10% is taken .....we have to take present rate or 10? What is present rate? Please clarify...may exams are near...
DDT neeed to deducted only if specifically given the question otherwise it is not required
Present DDT Rate is 15% + Surcharge + Education Cess
In Exam you can write a note saying that as DDT Rate is not provided provision for the same is not done or write assumption that it is assumed to be DDT RATE IS 10% or 15% as per required
16 April 2012
If the question is silent on DDT then after solving the problem yu have to put a note that DDT can also be applied and as the rate is not given for DDT I am estimating the same at 15% + SC you can score 3 extra marks
CAclubindia
