Dividend in revised schedule vi

Friends,

How should we disclose dividend and dividend distribution tax paid in the revised schedule VI? 

Replies (1)

The statement of P&L will end with the profit for the year followed by EPS disclosure.
Any apropriations like dividend should be disclosed in Notes to accounts under the head Reserves and Surplus.
It starts as

Reseves and Surplus

Surplus or deficit in statement of profit & loss

As per last year                                       xxx

Add: profit for the year                             xx

Total                                                         xxx

Less: Appropriations

Dividend                                                     xx

DDT                                                               x

Surplus or deficit                                   xxx

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