Hi -
Please guide me, why dividind paid amount not deducted in P&L account.
Regards
Shankar G
CA NITUL MEHTA
(KPMG-Senior Consultant-International Tax )
(236 Points)
Replied 25 May 2011
Arvind Sharma
(ACA)
(1432 Points)
Replied 25 May 2011
agreed
Div is not an expenses.., It is just appropriation of Net Income......
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 25 May 2011
It is not considered in profit and loss account.
but it will come in P& L appropriation a/c
Mehul Jain
(ROC and R&D Executive)
(59 Points)
Replied 26 May 2011
In simple words It is not Diversion of Income but it is Appropriation of Income.
CAclubindia
