Happiest Minds Technologies 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, a detailed note on deduction of tax at source (TDS) on Dividend is provided at https://www.happiestminds.com/investors/disclosures/HappiestMinds_Note_on_TDS.pdf and an email communication has been sent on June 06, 2022 to all the shareholders having their email ID''s registered with the Company/Depositories providing the above-mentioned link to the detailed note which explains the process on withholding tax from dividends paid to the shareholders at prescribed rates along with the necessary annexures.
The above information is a part of company’s filings submitted to BSE.
