TATA INVESTMENT CORPORATION LTD. - Communication To Shareholders - Intimation On Tax Deduction On Dividend.

Pursuant to the Finance Act, 2020, Dividend Distribution Tax is abolished and dividend income is taxable in the hands of the shareholders. In this regard, please find enclosed herewith an email communication which has been sent to all the shareholders whose email addresses are registered with the Company/Depositories explaining the process and documentation required for withholding tax from dividends paid to the shareholders at prescribed rates. This is for your information and records. This communication will also be available on the website of the Company at www.tatainvestment.com