Can a company pay dividend without providing current year's deprerciation?
Payment of dividend without providing depreciation
Replies (3)
as far as i think, company cannot declare dividend without proiding for depreciation.
A company can pay dividend without providing for current year's depreciation but it will be in violation of Sec 205 of the Companies Act.
Hi, here is my opinion
Dividend is paid out of the profits available for appropriation which comes only after the deduction of depreciation.
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
