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REC LIMITED — Regulatory Filings 2023
Nov 2, 2023
59116_rns_2023-11-02_10a5ffe4-8984-4cb4-8a40-4393bb05a37c.pdf
Regulatory Filings
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SEC-1/187(2)/2023/ 1519
Dated: November 2, 2023
| SEC-1/187(2)/2023/1519 | Dated: November 2, 2023 |
|---|---|
| Listing Department,National Stock Exchange of India LimitedExchange Plaza, Bandra Kurla Complex,Bandra (East), Mumbai– 400 051. | Corporate Relationship DepartmentBSE Limited1stFloor, Phiroze Jeejeebhoy TowersDalal Street, Fort, Mumbai– 400 001. |
| Scrip Code—RECLTD | Scrip Code—532955 |
Sub: Submission of requisite documents for claiming exemption from TDS or deduction of tax at lower rates, on dividend to be paid to shareholders.
Sir/Madam,
In continuation of our earlier letter dated November 1, 2023 inter-alia intimating declaration of 2[nd] interim dividend @ ₹3.50/- per equity share of ₹10/- each for the financial year 2023-24, it is informed that as per the 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 under the Income Tax Act, 1961.
In view of the above, in continuation of our letters dated July 7, 2023 and August 3, 2023 on above subject, it is once again reiterated that in case a shareholder desires that his/her tax should be deducted at lower rates or no tax should be deducted, then he/she is required to submit scanned copy of PAN, form 15G/15H & other requisite documents for the financial year 2023-24, on or before November 10, 2023 , unless already submitted , through e-mail at ‘ ’ [email protected] with a copy marked to ‘ [email protected]’.
No communication on the tax determination/deduction of tax at lower rates shall be entertained after November 10, 2023 . It is further informed that in case tax on dividend is deducted at a higher rate in the absence of receipt of the requisite details/documents, refund of the excess tax paid may still be claimed by filing income tax return. However, no claim shall lie against the Company for such taxes deducted. Further, shareholders will be able to see the credit of TDS in their Form 26AS, which can be downloaded from their e-filing account at https://www.incometax.gov.in/iec/foportal/.
यह आपकी जानकारी के िलए है। This is for your kind information.
ध�वाद ,
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----- Start of picture text ----- ( Jyoti Shubhra Amitabh जे . एस . अिमताभ)भवदीय Digitally signed by Jyoti Shubhra Amitabh DN: c=IN, o=Personal, title=0573, pseudonym=133065811914836276Dm3B8269pXyOd3, 2.5.4.20=90de92ff366d85bfab279748dedfb1a88a5af19e87ea57b3f19ab9d20d92f4e8, postalCode=201301, st=Uttar Pradesh, serialNumber=159303584c6c1556d495ded817d8acafb7052d4bc2ffef2356115a0e92ae00ac, cn=Jyoti Shubhra Amitabh Date: 2023.11.02 17:30:35 +05'30' ,काय�कारी िनदेशक एवं कंपनी सिचव----- End of picture text -----