Intimation of communication regarding TDS on dividend sent to the shareholders of the company.
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Northern Spirits Ltd has informed shareholders about the TDS provisions applicable to the dividend of Rs 0.30 per equity share (face value Rs 10) recommended for FY 2024-25. The dividend will be paid to members whose names appear on the register as of September 12, 2025, with the AGM scheduled for September 19, 2025. The company will deduct TDS at 10% for resident shareholders with valid PAN (on dividends exceeding Rs 10,000), 20% for those without PAN or with PAN not linked to Aadhaar, and NIL for eligible categories such as those submitting Form 15G/15H, mutual funds, insurance companies, and NPS trusts. Non-resident shareholders will face 20% TDS (plus surcharge and cess), with the option to claim DTAA benefits subject to submission of required documents by September 12, 2025.
Shareholders need to ensure their PAN is valid and linked with Aadhaar, and update KYC details (especially physical shareholders) before September 12, 2025, to avoid higher TDS deduction. Those eligible for lower or zero TDS must submit the required forms (15G/15H, 10F, TRC, etc.) on or before the deadline, or risk having tax deducted at the maximum rate of 20%.