TaxTMI 
TaxTMI 
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 ?
Tax Liability in Profit & Loss for declare Interim Dividend
22 Aug 2013 
1 Reply 
1095 Views Asked by
Interim dividend tax liability should be calculated on income to date rather than full-year estimates.
Tax liability for declaring an interim dividend should be computed on the basis of income earned up to the declaration date; even if depreciation is charged for the full year, the tax expense for the interim distribution must align with year-to-date taxable income rather than a full-year projection. (AI Summary)
Tax liability for declaring an interim dividend should be computed on the basis of income earned up to the declaration date; even if depreciation is charged for the full year, the tax expense for the interim distribution must align with year-to-date taxable income rather than a full-year projection. (AI Summary)