Can any one help me out in thz :)
where the dividend proposed exceeds 10 per cent but not 12.5 per cent of the paid-up capital, the amount to be transferred to the reserves shall not be less than 2.5 per cent of the current profits
WHAT DOES CURRENT PROFIT means here?is it profit before taxation or profit after taxation or profit after dividend?
PLz guide?
CAclubindia
