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.

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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.

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17 Nov 2020
Pursuant to Finance Act, 2020, dividend income will be taxable in the hands of shareholders w.e.f. April 1, 2020. <BR> <BR> In order to create awareness amongst the investors, as a pro-active step, the Company had included a Note in the Notice of 51st AGM and published advertisements in newspapers, from time to time, whereby shareholders were requested to update details and submit requisite documents to claim exemption from TDS or deduction of tax at lower rates on payment of dividend, as & when declared by REC.<BR> <BR> Further, for wider dissemination of requirement for updation of requisite details/ documents and to claim exemption from TDS or deduction of tax at lower rates as per statutory provisions, on payment of interim Dividend for FY 2020-21, it is again brought to the notice of shareholders to submit scanned copy of PAN & other requisite documents, unless already submitted, on or before November 20, 2020, at <BR> e-mail ids as mentioned in the attached letter. <BR>
View all announcements for REC Ltd	Source: BSE India

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