Apcotex Industries informs about communication on TDS
Pursuant to the Income Tax Act, 1961, as amended by the Finance Act, 2020, dividend distribution tax has been abolished, and dividend income is taxable in the hands of the shareholders. In this regard, Apcotex Industries has informed that it enclosed an e-mail communication sent to all shareholders having their e-mail IDs registered with the Company/Depositories explaining the process regarding the applicability of tax deduction and formalities to be followed by the shareholders to ensure appropriate deduction of tax on the dividend. This communication is also being made available on the website of the Company at https://apcotex.com/corporate-announcements.
The above information is a part of company’s filings submitted to BSE.
