Dear Experts,
A Private limited company going to distribute the dividend on its 15% preference shareholders for the F.Y 2017-18. Is there any return to be filed for the payment of Dividend distribution tax payment.
Kindly clarify the accounting entry in its books of account.
Thanks
entry is
profit and loss appropriation A/c dr.
to preference dividend a/c
to dividend distribution Tax A/c
Thank You Sir.
Regards,
Moorthy
Jawahar and Associates Chartered Accountants
Hyderabad
CA Inter
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Chirag N Shah & Associates
Mumbai
CA Inter
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