This is in furtherance of our earlier letter of even date inter-alia intimating about declaration of 3rd interim dividend @ ?6/- per equity share of ?10/- each for the financial year 2021-22.In this regard it is pertinent to mention that as per provisions of Income tax Act 1961 dividend income is taxable in the hands of shareholders 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. However in case a shareholder wants that his/her tax should be deducted at lower rates or no tax should be deducted then he/she should submit scanned copy of PAN form 15G/15H & other requisite documents for the financial year 2021-22 unless already submitted on or before February 16 2022.
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