Comfort Intech has informed that in accordance with the provisions of the Income Tax Act, 1961 ('the Act') as amended by the Finance Act, 2020, dividend paid or distributed by a Company on or after April 01, 2020 is taxable in the hands of the shareholders, the Company is therefore required to deduct tax at source ('TDS') at the time of payment of dividend to shareholders. An e-mail communication which has been sent to all the shareholders of the Company whose e-mail IDs are registered with the Company/ Depositories or RTA explaining the process on withholding tax from dividends paid to the shareholders at prescribed rates along with the necessary annexures. The above communication along with the annexures is available on Company's website at www.comfortintech.com.
The above information is a part of company’s filings submitted to BSE.
