As - 13
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2012
As per dividend is to be reduced from cost if it is out of pre acquisition profit but divided accrues only when shareholder declares in GM.
Share Purchase on 15/04/2012
Dividend Declare on 26/07/2012
Dividend Received on 10/08/2012
Whether Dividend require to be deducted from Cost?
It is make any difference if it is normal Investment and there is no consolidation
Share Purchase on 15/04/2012
Dividend Declare on 26/07/2012
Dividend Received on 10/08/2012
Whether Dividend require to be deducted from Cost?
It is make any difference if it is normal Investment and there is no consolidation
25 May 2012
Although dividend has been declared AFTER the date of purchase, but the dividend is for the period PRIOR to the purchase date, i.e., 11-12.
Accordingly, it shall be reduced from the cost of acquisition.
Accordingly, it shall be reduced from the cost of acquisition.
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