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, Punjab Chemicals And Crop Protection has informed that it attached a communication which has been sent to all the shareholders on June 27, 2023 (Tuesday), 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.
