Tata Chemicals has informed that pursuant to the Finance Act, 2020, with effect from April 1, 2020, Dividend Distribution Tax is abolished and dividend income is taxable in the hands of the shareholders. In this regard, the Company enclosed herewith an email communication which has been sent to all the shareholders having their email IDs registered with the Company/ Depositories explaining the process on withholding tax from dividends paid to the shareholders at prescribed rates along with the necessary annexures. This communication is also available on the website of the Company at www.tatachemicals.com.
The above information is a part of company’s filings submitted to BSE.
