Communication To Shareholders - Intimation Regarding Tax Deduction on Dividend
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Dhoot Industrial Finance has informed shareholders about tax deduction rules on its final dividend of Rs 1.50 per equity share (15% on face value of Rs 10) for FY 2024-25, recommended by the Board on 23rd May 2025 and pending shareholder approval at the AGM on 25th September 2025. As per the Finance Act 2020, dividend income is taxable in shareholders' hands, so the company will deduct TDS at 10% for resident shareholders with valid PAN and 20% for those without valid or linked PAN-Aadhaar. No TDS applies if dividend to a resident individual does not exceed Rs 10,000 in FY 2025-26, or if eligible shareholders submit Form 15G/15H. Non-resident shareholders can claim DTAA benefits by submitting required documents (TRC, Form 10F, self-declarations) to the RTA MUFG Intime India by 18th September 2025, 5:00 PM IST.
Shareholders should submit the required TDS exemption documents to the RTA before 18th September 2025 to avoid higher tax deduction; failure to do so will result in TDS at 20% (residents) or 20% plus surcharge/cess (non-residents), though refunds can still be claimed later via income tax returns.