REC Ltd - Submission Of Requisite Documents For Claiming Exemption From TDS Or Deduction Of Tax At Lower Rates, On Dividend To Be Paid To Shareholders.

This is in furtherance of our earlier letter dated August 5, 2021 inter-alia intimating about recommendation of final dividend @ ?1.71 per equity share of ?10/- each for the financial year 2020-21, subject to approval of shareholders at the ensuing AGM. The record date for the said final dividend was Friday, September 17, 2021.<BR> <BR> In this regard, it is pertinent to mention that pursuant to Finance Act, 2020, dividend income is taxable in the hands of shareholders w.e.f. April 1, 2020 and the Company is required to deduct tax at source (TDS) at the time of making payment of dividend, at the rates prescribed in the Income Tax Act, 1961. Accordingly, it is brought to the notice of shareholders to submit scanned copy of PAN, Form 15G/15H & other requisite documents for the financial year 2021-22, unless already submitted, on or before September 30, 2021, at e-mail ids mentioned in the letter attached.