Y ltd earned a profit after tax of Rs 500000 in 2011-12 and it wanted to pay a dividend of 18% on its capital of 1500000. the tax on distributed profit is 15% and surcharge being 10% and 2% education cess. what will be the balance left in profit and loss account
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Pls solve this q on dividend
Replies (2)
| Profit before Tax | 500,000 |
| Less:Diviend paid | 270,000 |
| Less: DDT(15%+10%+3% i.e 16.995%) | 45,887 |
| Balance in P&L | 184,113 |
not correct answer
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