Pursuant to the provisions of the Income Tax Act, 1961 and the Rules framed thereunder, as amended by the Finance Act, 2020, dividend paid or distributed on or after April 1, 2020, shall be taxable at the hands of the Shareholders. In this regard, 20 Microns has informed that it enclosed an e-mail communication which is being 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 at www.20microns.com.
The above information is a part of company’s filings submitted to BSE.
