Vineet Agarwal (Chartered Accountant) (87 Points)
21 August 2011Can 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?
pooranimaa venkataraman
(CA)
(30 Points)
Replied 21 August 2011
Hi,
Current profit is the PAT- Profit after tax
Vineet Agarwal
(Chartered Accountant)
(87 Points)
Replied 21 August 2011
hey thanks....bt i was gng thru d CS books...
It means Profit after providing depreciation and that too without setting off the losses
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