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
| 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
Karia Overseas
Ahmedabad
CA
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
CAclubindia
