Tax Liability in Profit & Loss for declare Interim Dividend

[DHARMENDRA KASLE]

For declaring Interim Dividend in September 2013,  i have taken depreciation full year but confusion about IT liability should i consider for full year or till date ?

 

AI Summary

Interim Dividend Tax: Liability Should Reflect Income Accrued Up to Declaration Date, Not Full Year A user inquired about the tax liability when declaring an interim dividend in September 2013, specifically whether to consider income tax liability for the full year or only up to the current date. A response from a chartered accountant suggested that the tax liability should be based on the income accrued up to the date of the dividend declaration.