DIVIDEND relating

meaning of "that subsection" according to section 123(1)
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This discussion clarifies the meaning of 'that subsection' in relation to Section 123(1) regarding dividend declarations. It explains that 'that subsection' refers to subsection 2 of Section 123, which mandates depreciation to be provided according to Schedule II. Crucially, depreciation must be calculated and accounted for before any dividends can be declared.

For the purposes of clause (a) of sub-section (1), depreciation shall be provided in accordance with the provisions of Schedule II. It is for depreciation calculation " that subsection" is subsection 2 of section 123.

depreciation is provided firstly before declaring any dividend 

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