Maruti Suzuki India Limited has informed the Exchange about Communication on deduction of Tax at Source
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Maruti Suzuki has informed shareholders about the tax deducted at source (TDS) process on its final dividend of Rs. 135 per share (face value Rs. 5) for FY 2024-25, recommended by the Board on 25th April 2025. The record date for eligibility is 1st August 2025. For resident shareholders with a valid PAN, TDS will be deducted at 10%; without PAN or with an inoperative PAN, the rate is 20%. Non-resident shareholders can opt for the lower of 20% (plus surcharge and cess) or the tax treaty rate, subject to submission of required documents such as PAN, Tax Residency Certificate, Form 10F, and self-declarations. Shareholders must submit the relevant forms and documents to the company's Registrar (KFin Technologies) on or before 1st August 2025 to claim lower or nil TDS.
This is a routine tax-compliance filing and does not change the underlying dividend amount. Shareholders seeking lower TDS must act before the 1st August 2025 deadline; failure to submit documents will result in higher tax deduction at source, with refund only claimable via income tax return filing.