The Board of Directors of a company may declare interim dividend during any financial year or at any time during the period from closure of financial year till holding of the annual general meeting out of the surplus in the profit and loss account or out of profits of the financial year for which such interim dividend is sought to be declared or out of profits generated in the financial year till the quarter preceding the date of declaration of the interim dividend:
members issme kis quarter tak Lene ki baat krha hai profits Ko
example company declared interim dividend in March 2019 so profits till which quarter to be seen??
Q2 or Q3?
Since the Company has declared Interim Dividend in Q4 of FY 2018-19, Profits till Q3 of FY 2018-19 will be taken into consideration for the purpose of Interim Dividend.
Warm Regards.
CAclubindia
