BOMBAY BURMAH TRADING CORP.LTD. - Communication To Shareholders - Intimation On Tax Deduction On Dividend

Pursuant to the Finance Act, 2020 with effect from 1st April, 2020, Dividend Distribution Tax is abolished and dividend income is taxable in the hands of the shareholders.<BR> <BR> In this regard, please find enclosed herewith an email communication which has been sent to all the shareholders having their email ID's registered with the Corporation/Depositories explaining the process on withholding tax from dividends paid to shareholders at prescribed rates along with the necessary annexures.<BR> <BR> Kindly take the same on record.