Aptus Value Housing Finance India Limited has informed the Exchange about communication sent to shareholders with respect to TDS/Withholding tax on Dividend
APTUS · price
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Aptus Value Housing Finance India has sent an email communication to shareholders about the tax deduction at source (TDS) applicable on the interim dividend of Rs. 2.50 per equity share (face value Rs. 2) declared by the Board on May 6, 2025 for FY 2024-25. As per the Income Tax Act, the company must deduct TDS at 10% for resident shareholders with valid PAN, 20% for those without PAN, and 20% (or lower DTAA rate) for non-resident shareholders. Resident individuals with total dividends up to Rs. 10,000 in FY 2025-26 are exempt, and those eligible can submit Form 15G/15H to avoid deduction. Shareholders must submit all required tax exemption documents and declarations (PAN, TRC, Form 10F, etc.) on or before May 20, 2025 to ensure the correct TDS rate is applied; higher rates will be charged if documents are missing.
This is a routine tax-compliance communication and not a new event for the stock. Shareholders holding Aptus shares need to act by May 20, 2025 to submit proper tax documents and avoid higher TDS deduction, but the underlying Rs. 2.50 per share interim dividend remains the key positive from the May 6 board announcement.