08-17-2009, 07:05 PM
As per IAS-10 dividend declared after the balance sheet date is a non adjusting event and should not be recorded as liabilty.only its disclosure is required. it will be should as paid in next year. now my question is
that a company has declared a dividend after the balance sheet date.it has deducted withholding tax @ 10% but has not deducted zakat @ 2.5%. para (d) of audit report says "no zakat was deductible at source under zakat and ushr ordinance,1980. do i need to change this para this year or next year.
that a company has declared a dividend after the balance sheet date.it has deducted withholding tax @ 10% but has not deducted zakat @ 2.5%. para (d) of audit report says "no zakat was deductible at source under zakat and ushr ordinance,1980. do i need to change this para this year or next year.
