12 February 2008
Normally Proposed dividend receivable will not treated as income during the financial year. In Consolidation, dividend will not be eliminiated.
Dividend will be treated as income only during the year in which it is received.
Dividend proposed will an exepenses in US subsidiary in the year in which it is proposed & it will come in consolidation also. it will treated as income in the following year & again it will not be eliminated from income in consolidation.
CAclubindia
