DIVIDEND relating
Ashish Goyal (1 Points)
29 February 2020
meaning of "that subsection" according to section 123(1)
2 Replies
CS Rashi Jain
(Practicing Company Secretary @ RASHI JAIN & ASSOCIATES)
(1295 Points)
Replied 21 March 2020
For the purposes of clause (a) of sub-section (1), depreciation shall be provided in accordance with the provisions of Schedule II. It is for depreciation calculation " that subsection" is subsection 2 of section 123.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 22 March 2020
depreciation is provided firstly before declaring any dividend
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