Rrevised schedule vi
This query is : Resolved
ANJALI NEGI
(Querist)
20 November 2012
Hello Frnds, Where to classify the proposed dividend as per revised schedule vi?????
Amol S Joglekar
(Expert)
20 November 2012
To insert additional line items where ever find necessary. CURRENT liabilities.
20 November 2012
Dr. T.P.Ghosh, says in page 145 of the book 'Taxman's Illustrated Guide to Revised Schedule VI' that "it is perhaps sufficient to segregate proposed dividend within the head Reserves and Surplus".
Amol S Joglekar
(Expert)
20 November 2012
CURRENT versus NON CURRENT is the key of revised schedule VI. If Proposed dividend is current in nature, group it accordingly. Else what Warrier has said is absolutely correct.
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