Pursuant to the changes introduced by the Finance Act, 2020, Dividend Distribution Tax has been abolished with effect from 1st April, 2020 and the Dividend income has become taxable in the hands of the Shareholders. In this regard, Arvind Fashions has informed that it enclosed email communication to shareholders of the Company which indicating the process and documentation required for claiming tax exemption on dividend.
The above information is a part of company’s filings submitted to BSE.