Pursuant to the Finance Act, 2020, Dividend Distribution Tax is abolished and Income by way of Dividend is taxable in the hands of the Shareholders of the Company. In this regard, Dhanuka Agritech has informed that it has enclosed an email communication which has been sent to all the Shareholders whose email addresses are registered with the Company/Depositories explaining the process and documentation required for withholding tax from dividends paid to the shareholders at prescribed rates.
The above information is a part of company’s filings submitted to BSE.
