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PPAP Automotive informs about tax deduction on dividend

23 Aug 2022 Evaluate

Pursuant to provisions of the Income Tax Act, 1961, as amended by the Finance Act 2020, dividends paid or distributed by a company on or after 1st April, 2020 shall be taxable in the hands of the shareholders. In this regard, PPAP Automotive has informed that it enclosed an e-mail communication sent to the shareholders of the company on Monday, 22nd August, 2022, stating the documents/declarations to be submitted by the shareholders to determine and deduct appropriate TDS/withholding tax rate on dividend, if declared in the 27th annual general meeting. All the documents/declarations should be submitted by the shareholders on or before Wednesday, 14th September, 2022 in order to enable the Company to determine and deduct appropriate TDS/withholding tax rate as applicable.

The above information is a part of company’s filings submitted to BSE.

PPAP Automotive Share Price

207.75 5.75 (2.85%)
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