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Indian Railway Catering and Tourism Corporation Ltd - Communication Regarding Tax Deducted At Source (TDS) On Final Dividend For The Financial Year 2020-21
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06 Sep 2021
This is in reference to our letter dated 03.09.2021, vide which, it was informed that the Company has fixed Wednesday, 22.09.&lt;BR&gt; 2021 as the &quot;Record Date&quot; for the purpose of determining the members entitled to receive final dividend for the FY 2020-21. It also provided that the dividend, if declared at the AGM, will be paid within a period of 30 days from the conclusion of the AGM. &lt;BR&gt; In terms of the applicable provisions of the Income-tax Act, 1961 as amended by the Finance Act, 2020, any dividend paid or distributed by a Company is taxable in the hands of the members. The Company shall therefore be required to deduct tax at source at the time of making the payment of the dividend, if declared, at the AGM.&lt;BR&gt; In line with above, please find enclosed a communication regarding TDS on Final Dividend for the FY 2020-21, inter-alia, prescribing the process and requirement of requisite documents for claiming tax exemption on dividend for the FY 2020-21 for Resident and Non-Resident members. &lt;BR&gt;
View all announcements for Indian Railway Catering and Tourism Corporation Ltd Source: BSE India

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