As per the Income Tax Act, 1961 ("the Act"), as amended by the Finance Act, 2020, dividends paid or distributed by a company on or after April 1, 2020 shall be taxable in the hands of the shareholders. Accordingly, the dividend declared by IL&FS Investment Managers Limited ("the Company") for the financial year ended March 31, 2022 will be taxable in the hands of the shareholders. The Company shall therefore be required to deduct tax at source as per the relevant sections of the Income Tax Act, 1961, at the time of making the payment of the dividend, if approved, at the Annual General Meeting of the Company

Shareholders are requested to kindly note following:

1. Communication note for the applicable Tax Deduction at Source ("TDS") provisions under the Act for Resident and Non-Resident shareholder categories


2. Submission of Tax Related Documents


1. Shareholders can download the relevant formats as appended below :
   Form No 15H
   Form No 15G
   Form No 10F
   NR tax declaration
   


2. Shareholders are requested to send all the relevant requisite tax related documents mentioned above duly quoting their Folio No. or DP Id-Client Id to M/s Link Intime India Private Limited,
   Unit – IL&FS Investment Managers Limited, C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai 400 083 or scanned copies can be sent at ilfsinvestdivtax@linkintime.co.in and investor.relations@ilfsindia.com


3. Updating PAN, email address, Bank Account Details and other details
   1. Shareholders are requested to update their records such as tax residential status, permanent account number (PAN), registered email addresses, mobile numbers, bank account details and other details with Depository Participant, in case shares are held in the electronic form. In case shares are held in physical form, shareholders are requested to get the said details updated/registered with the Company's registrar and share transfer agent (RTA) - M/s Link Intime India Private Limited, Unit – IL&FS Investment Managers Limited, C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai 400 083, duly quoting Folio No. / DP Id-Client Id and by submitting the requisite documents mandated by SEBI. The details will be updated by RTA, provided the other relevant KYC details are registered
   
   
4. To enable the Company to determine the appropriate TDS / withholding tax rate applicable, we request you to provide the required details and documents not later than August 25, 2022. No communication on the tax determination / deduction shall be entertained after August 25, 2022