In terms of the provisions of the Income-tax Act, 1961, as amended by the Finance Act, 2020, dividend paid or distributed by a Company on or after 1st April, 2020 shall be taxable in the hands of the shareholders. In this regard, La Opala RG has informed regarding deduction of tax at source on dividend explaining the process on withholding tax from dividend (to be paid to the shareholders) at prescribed rates, is being sent to those shareholders whose e-mail IDs are registered with the Company, the RTA or the Depositories and also to other shareholders as per applicability. The said communication will also be made available on the website of the Company: www.laopala.in
The above information is a part of company’s filings submitted to BSE.
