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Sundram Fasteners informs about withholding tax from dividend

18 Nov 2022 Evaluate
Sundram Fasteners has informed that pursuant to the Finance Act, 2020 with effect from April 01, 2020, the Dividend Distribution Tax is abolished and dividend income is taxable in the hands of the Shareholders. In this regard, the Company has attached a communication which has been sent to all the shareholders on November 17, 2022 (Thursday), explaining the process on withholding tax from dividend paid to the Shareholders at prescribed rates.

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

Sundram Fasteners Share Price

879.60 34.45 (4.08%)
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