Note 2

AS 1

Reserves and Surplus

General Instructions for Preparation of Statements

Reserves and Surplus shall be classified as: Capital Reserves, Securities Premium, Other Reserves.

Audit Procedures Dashboard

Reserves & Surplus (Division 1)

Verify dividend declared is within the maximum limits prescribed by Companies Act.

Check TDS deduction on dividend payments.

Date Declared	Type	Rate per Share (₹)	Gross Amount (₹)	TDS Deducted?	Conclusion
15/05/23	Final (Prev FY)	5.00	40,00,000	Yes	Pass
10/11/23	Interim	2.50	22,50,000	Yes	Pass
20/03/24	Interim	1.00	9,48,000	Pending	Verify TDS Dep