Pursuant to the Finance Act, 2020, with effect from April 1, 2020, Dividend Distribution Tax has been abolished and dividend income is taxable in the hands of the shareholders. In this regard, Industrial & Prudential Investment Co has informed that it enclosed an e-mail communication which is sent to all the shareholders of the Company whose e-mail IDs are registered with the Company/Depositories explaining the process on withholding tax from dividends paid to the shareholders at prescribed rates, as may be applicable, along with the necessary annexures. This communication is also being made available on the website of the Company.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 911.85 |
| Shriram Finance | 999.50 |
| Aditya Birla Capital | 340.45 |
| Chola Invest & Fin. | 1534.00 |
| Tata Capital | 337.50 |
| View more.. | |
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