Prince Pipes And Fittings Limited has informed the Exchange regarding 'Communication in respect of provisions of TDS on Final Dividend for FY 2024 -25'.
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Prince Pipes and Fittings has informed shareholders about the tax deduction rules applicable to its final dividend for FY 2024-25. The Board, which met on May 21, 2025, recommended a final dividend of 5%, i.e., Rs. 0.50 per equity share of Rs. 10 each, subject to shareholder approval at the 38th AGM. The record date is September 4, 2025, and dividend payments will be made on or after September 11, 2025. For resident shareholders with a valid PAN, TDS will be deducted at 10%, while those without PAN will face 20% TDS. Non-resident shareholders will have 20% TDS unless they claim DTAA benefits by submitting relevant documents by September 4, 2025, 5:00 PM IST. Shareholders can avoid TDS by submitting Form 15G/15H if eligible, and resident individuals earning up to Rs. 5,000 in dividends annually are exempt.
Shareholders, especially resident individuals below the basic exemption limit, should submit Form 15G or 15H before the September 4, 2025 deadline to avoid TDS on the Rs. 0.50 per share dividend. Non-resident investors seeking DTAA benefits must furnish TRC, Form 10F, and self-declaration by the same deadline to minimize their withholding tax.