Please find attached communication sent to the shareholders regarding intimation of Tax Dedcuted at Source on Dividend.
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Continental Securities Ltd has informed shareholders about the tax deduction process on its upcoming dividend. The Board, at its meeting on May 26, 2025, recommended a final dividend of Rs. 0.05 per equity share (2.50%) on the face value of Rs. 2 for FY ending March 31, 2025, subject to shareholder approval. The record date is set as Monday, September 15, 2025. As per the Income Tax Act, the company will deduct tax at source on the dividend paid during FY 2025-26. Resident individual shareholders receiving total dividend up to Rs. 10,000 in the fiscal year will not have any tax deducted. The TDS rates vary based on residential status and shareholder category, ranging from nil to 30%, with detailed documentation requirements outlined for both resident and non-resident shareholders.
Shareholders should review their residential status and submit the required documents (such as PAN, Form 15G/15H, TRC, or Form 10F) before September 15, 2025, to ensure the correct TDS rate is applied. Failure to provide documentation may result in higher tax deduction, though shareholders can still claim refunds while filing their income tax returns.