Enclosed herewith communication of deduction of TDS on dividend for F.Y. 2024-25 sent to the shareholders.
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Dai-Ichi Karkaria Limited has informed shareholders about tax deduction at source (TDS) on the dividend for FY 2024-25. The Board recommended a dividend of Rs. 3.5 per equity share (face value Rs. 10), subject to shareholder approval at the 65th Annual General Meeting on August 20, 2025. As per Income Tax Act provisions, dividend income is taxable in shareholders' hands, and the company will deduct TDS at prescribed rates. Resident shareholders will face 10% TDS if PAN is provided, or 20% without PAN, while non-residents face 20% or tax treaty rates as applicable. Shareholders must submit required documents (Form 15G/H, PAN, TRC, Form 10F, etc.) on or before August 12, 2025 to claim exemptions or lower rates.
Shareholders will receive a Rs. 3.5 per share dividend pending AGM approval on August 20, 2025, with TDS automatically deducted based on their category and documentation. Those wanting lower or zero TDS must submit the relevant forms by August 12, 2025; otherwise, the default rate of 10% (residents) or 20% (non-residents) will apply, with refunds only claimable via income tax return filing.