General Insurance Corporation of India - 540755 - Communication To Shareholders- Intimation Of Change In Income Tax Rules W.R.T. Tax Deduction On Dividend
Pursuant to the changes in the Income Tax Act, 1961 as amended by the Finance Act, 2020, dividend income will be taxable in the hands of the shareholders and the Corporation is required to deduct tax at source (TDS) at the time of making the payment of interim dividend to shareholders at the prescribed rates. In this regard, a detailed communication enumerating the provisions on tax deduction on dividend and the exemptions available along with documentary requirements has been sent to all shareholders whose email is registered. This communication is also made available on the website of the Corporation : https://www.gicofindia.com/en/investors-public-disclosures09-06-2022
