In the revised formate of Schedule VI, where will corporate dividend tax appear in the profit and loss account. Will it be included in expenses or under Current tax. and how the same will be reflected in the Balance Sheet?
Somebody please help..... my exams are near
dear sandeep,
under revised schedule vi proposed dividend appears in resserve and surplus so will the cdt.
cheers
ganesh agarwala
it will be included in expenses create a short term provision for tax on dividend
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