Proposed dividend
Querist : Anonymous
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
balance sheet .
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