0
If when dividend is declared supporting documents is required?
Wiki User
∙ 16y ago
Generally, but not always, its done by vote of the Board of Directors and thereforein the official minutes at least.
Wiki User
∙ 16y ago
When a dividend is declared, supporting documents may be required to verify the eligibility of shareholders to receive the dividend. These documents could include proof of share ownership, such as share certificates or statements from a securities depository, as well as any necessary tax identification information. The purpose of these documents is to ensure that the dividend is distributed only to legitimate shareholders.
Add your answer:
Earn +20 pts
Is a journal entry required on the date the board of directors officially approves a dividend?
Yes following entry required: [Debit] Proposed dividend [Credit] dividend payable
What is needed to enter the US by car from Mexico?
U.S. citizens entering by car from Mexico are required to have their passports as well as other supporting documents. These include NEXUS, SENTRI and/or FAST.
What wil be the journal entry of dividend received and reinvested?
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
What are the primary documents required in lending?
Documents are not as a matter a fact as primary as they are possible
What are the documents required while driving car in Mumbai?
document required
What is dividend distribution tax?
Dividend distribution tax is the tax levied by the Indian Government on companies according to the dividend paid to a company's investors. As per existing tax provisions, income from dividends is tax free in the hands of the investor. There is a levy of 15% of the dividend declared as distribution tax. This tax is paid out of the profits/reserves of the company declaring the dividend.  The provisions of this Section applies to a domestic company for any assessment year, on an amount declared, distributed or paid by such company by way of dividends (whether interim or otherwise)  The Company is required to pay the Dividend Distribution Tax within 14 days from the date of declaration or distribution or payment of any dividend whichever is earlier.  The said dividend distribution tax is in addition to the income tax chargeable on the total income of the Company and the same shall be payable @15% and the same shall be increased by Surcharge @10%, and such aggregate of tax and surcharge shall be further increased by an Education cess @2% and higher education cess 1% .  The Section applies to dividend payments made either out of current or accumulated profits.  The dividend so paid will be eligible for exemption for the shareholders under Section 10(34).  The Dividend Distribution Tax is payable by a Domestic Company even if no income-tax is payable on its total income.
just paid a dividend of $2.28 per share it will increase the dividend by 30% and 25 over the next two years respectively After the company is expected to increase its annual dividend at 4%. If the required return is 11%, what is the stock price today?
j
what are documents are required for RCM Registration?
Gandooo
How long keep invoices?
Invoices shall be kept upto a period of 6 years as required by the Income Tax Act, 1961 to maintain books of accounts and other supporting documents upto a period of 6 assessment years..
What is dividends tax?
Dividend distribution tax is the tax levied by the Indian Government on companies according to the dividend paid to a company's investors. As per existing tax provisions, income from dividends is tax free in the hands of the investor. There is a levy of 15% of the dividend declared as distribution tax. This tax is paid out of the profits/reserves of the company declaring the dividend.  The provisions of this Section applies to a domestic company for any assessment year, on an amount declared, distributed or paid by such company by way of dividends (whether interim or otherwise)  The Company is required to pay the Dividend Distribution Tax within 14 days from the date of declaration or distribution or payment of any dividend whichever is earlier.  The said dividend distribution tax is in addition to the income tax chargeable on the total income of the Company and the same shall be payable @15% and the same shall be increased by Surcharge @10%, and such aggregate of tax and surcharge shall be further increased by an Education cess @2% and higher education cess 1% .  The Section applies to dividend payments made either out of current or accumulated profits.  The dividend so paid will be eligible for exemption for the shareholders under Section 10(34).  The Dividend Distribution Tax is payable by a Domestic Company even if no income-tax is payable on its total income.
What are the documents required for Legal Metrology Registration in Noida?
Legal Metrology registration in Noida requires the submission of an application together with certain supporting documents, such as evidence of address, identity, and business ownership. The legal metrology department evaluates the application and inspects the business location to confirm that all legal criteria have been completed.
What are the documents required for buying health insurance online?
No documents are required for purchasing health insurance. Depending on the norms of the insurer and the TPA. You might need to furnish documents like ID proof at the time of submitting a claim.
