Pursuant to the changes introduced by the Finance Act, 2020, Dividend Distribution Tax has been abolished with effect from 01 April 2020 and the Dividend Income is taxable in the hands of the Shareholders. In this regard, Mangalam Industrial Finance has informed that it enclosed a communication that outlines the process and documentation required for shareholders to claim tax exemptions/withholding tax on Interim Dividends payable during the financial year 2024-25. The above communication is made available on the website of the Company at www.miflindia.com.
The above information is a part of company’s filings submitted to BSE.
