Ajmera Realty & Infra India Limited has informed the Exchange regarding Communication to Shareholders - Intimation on Tax Deduction on Dividend.
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Ajmera Realty & Infra India has informed the exchanges about the tax deduction process applicable on its recommended final dividend of Rs. 4.5 per equity share (face value Rs. 10) for FY 2024-25, which will be paid within 30 days of approval at the upcoming 38th Annual General Meeting. This is a routine procedural communication to shareholders, explaining TDS rules under the Income Tax Act, 1961, as amended by the Finance Act 2020. For resident shareholders, TDS will be 10% if PAN is provided, and 20% if PAN is missing or inoperative (e.g., not linked with Aadhaar); resident individuals with dividend up to Rs. 10,000 or those submitting valid Form 15G/15H will face no TDS. Non-resident shareholders will have 20% TDS (plus applicable surcharge and cess), with the option to claim lower rates under the Double Tax Avoidance Agreement (DTAA) by submitting required documents. Shareholders must submit all tax-related documents, including Form 15G/15H and declarations, to the RTA MUFG Intime India by August 29, 2025.
This is a procedural, non-event filing — no impact on stock price is expected. Shareholders should ensure PAN-Aadhaar linkage and submit required tax forms before August 29, 2025, to avoid the higher 20% TDS rate on their dividend income.