K.P. Energy has informed that pursuant to the Finance Act, 2020, with effect from April 1, 2020, Dividend Distribution Tax is abolished, and dividend income is taxable in the hands of the shareholders. The Companies are required to withhold tax at source from dividends paid to shareholders at prescribed rates (plus applicable surcharge and cess), as may be notified from time to time. ln this regard, it enclosed a communication explaining the process to be followed along with the necessary annexures. This communication is also available at the website of the Company at www.kpenergy.in.
The above information is a part of company’s filings submitted to BSE.
