Proposed dividend

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Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2013 under revised schedule VI, what is the treatment of proposed dividend & under which head it is to be shown.

Ajay Mishra

Ajay Mishra (Expert)
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31 August 2013 Hi

The old Schedule VI, requires the profit & loss account to disclose the appropriations from the profit including the agreegrate amount of dividend paid and/or proposed stating whether such amounts are subject to deduction of tax. This requirement is not carried forward in the revised schedule VI. However in view of the requirement of AS 4 read with revised schedule, proposed dividend for the year will have to be provided for and disclosed in the notes.

Querist : Anonymous

Querist : Anonymous (Querist)

03 September 2013 thank u sir.one more query related to this.it means that we will deduct proposed dividend from the profit & loss a/c under the notes to
balance sheet .

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