Communication to shareholders - Tax Deduction on Interim Dividend Payout
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SNL Bearings Ltd has announced an interim dividend of Rs 15 per equity share (face value Rs 10) for FY 2025-26, with record date fixed for May 8, 2026. Since Dividend Distribution Tax was abolished from April 1, 2020, dividends are now taxable in shareholders' hands and the company will deduct TDS at source. For resident shareholders with valid PAN, TDS rate is 10%; without PAN or with invalid PAN, it is 20%. Resident individuals receiving dividend up to Rs 100,000 during FY 2026-27 are exempt from TDS. Physical shareholders must update KYC details (PAN, contact info, bank account, nomination) to receive dividends electronically. Required documents must be submitted by May 12, 2026.
Shareholders should submit tax exemption declarations and KYC documents before the deadline to avoid higher TDS deductions. Physical shareholders face mandatory electronic dividend payments from April 2024 if KYC is not updated.