Communication to Shareholders: Intimation about Tax Deduction at Source on Dividend.
ABBOTINDIA · price
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Abbott India has informed shareholders about the tax deduction at source (TDS) applicable on the final dividend of Rs. 475 per equity share (face value Rs. 10) recommended for FY2024-25, subject to shareholder approval at the AGM on August 13, 2025. The record date is July 25, 2025, and the dividend will be paid on or after August 18, 2025. For resident individuals, no TDS applies if total dividend income in FY2025-26 does not exceed Rs. 10,000; otherwise, TDS is 10% with a valid PAN, 20% without PAN, and nil if valid Form 15G/15H is submitted. Non-resident shareholders can avail tax treaty benefits or face 20% TDS (plus surcharge and cess) if documents are not submitted; FIIs/FPIs face 20% or treaty rate, with a 10% rate for certain IFSC-based funds. Shareholders must update PAN, bank, and contact details and submit required forms/declarations via KFin Technologies by July 25, 2025.
This is a routine tax compliance communication tied to the already-announced Rs. 475 dividend. Shareholders who fail to submit the required documents (PAN, Form 15G/15H, TRC, Form 10F) by July 25, 2025, will face higher TDS deductions (up to 20%), though they can still claim refunds by filing a return. No new price-sensitive information is being introduced here.