A record date is the cut-off date on which an investor has to own shares to become eligible for receiving dividends.
India Inc is doling out dividends to avoid the additional 10 per cent dividend distribution tax imposed on investors with dividend income of about Rs 10 lakh a year.
The additional tax will come into effect from April 1. The boards of almost 100
companies will meet this week to declare interim dividends, to be paid before the month ends.
A record date is the cut-off date on which an investor has to own shares to become eligible for receiving dividends.
Following is the list of major companies that have their board meeting next week for declaration of dividends.
