Working Notes :
(1) Total tax paid during the year " " Rs 80,0000
(–) Dividend tax paid (given)" " Rs (15,000)
Income tax paid for operating activities " " Rs 65,000.
(2) Net profit earned during the year after tax and dividend
= Rs 7,50,000 – 6,00,000 = Rs 1,50,000
(3) Net profit before tax
= Net profit earned during the year after tax and dividend + Provision for tax made + Proposed Dividend
= Rs 1,50,000 + Rs 95,000 (See provision for taxation account)+ Rs 1,50,000
= Rs 3,95,000
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