Pursuant to the Finance Act, 2020, with effect from 1st April, 2020, Dividend Distribution Tax has been abolished and dividend income is taxable in the hands of the Shareholders, Gujarat State Petronet has informed that it enclosed an e-mail communication which has been sent to all the Shareholders of the Company whose e-mail IDs are registered with the R&TA/ Depositories explaining the process on withholding tax from Dividends to be paid to the Shareholders at prescribed rates. This communication is also being made available on the website of the Company at www.gspcgroup.com.
The above information is a part of company’s filings submitted to BSE.
