Dividend distribution tax & proposed dividend

If dividend is getting declared before Finalising of Audit report then yes you can show under indirect expense head and less from reserve

Dividend payable is a current liability and dividend paid/payable should be reduced from retained earnings as part of shareholders equity. DDT shall be reduced from profits before taxes and after reducing income tax. DDT shall be reduced from dividends payable

Dividends only after declared will be recorded that too when liability is created for the same.

Agree with this view