sandeep daga (student) (47 Points)
02 May 2012In the revised formate of Schedule VI, where will corporate dividend tax appear in the profit and loss account. Will it be included in expenses or under Current tax. and how the same will be reflected in the Balance Sheet?
Somebody please help..... my exams are near
CA Ganesh Agarwala
(Audit Senior Manager)
(239 Points)
Replied 14 May 2012
dear sandeep,
under revised schedule vi proposed dividend appears in resserve and surplus so will the cdt.
cheers
ganesh agarwala
Mohammad Asif
(chartered accountant)
(191 Points)
Replied 26 May 2013
it will be included in expenses create a short term provision for tax on dividend
CAclubindia
