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M&M Financial
BSE: 532720NSE: M&MFINISIN: INE774D01024

15th-May-2021 19:18Source: BSE

Mahindra & Mahindra Financial Services - Communication To Shareholders: Dividend For FY 2020-21 - Intimation On Tax Deduction At Source (TDS) / Withholding Tax On Dividend

Pursuant to the changes introduced by the Finance Act, 2020, Dividend Distribution Tax has been abolished with effect from 1st April, 2020 and the Dividend income is taxable in the hands of the Shareholders.

In this regard, please find enclosed herewith an email communication which has been sent to all the Shareholders whose email addresses are registered with the Company/Depositories indicating the process and documentation required for claiming tax exemption/withholding tax on dividends paid to the Shareholders at prescribed rates.

This intimation is also being uploaded on the Company's website at https://www.mahindrafinance.com.

This is for your information and record.

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