Tata Chemicals Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
TATACHEM · price
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Tata Chemicals has informed shareholders about the tax deduction process applicable to the dividend of ₹11 per share (110% on face value of ₹10) recommended by the Board for FY 2024-25, pending approval at the 86th AGM on June 30, 2025. As per the Income Tax Act, the company will deduct tax at source before paying the dividend: 10% for resident shareholders with valid PAN, 20% for those without PAN or if PAN-Aadhaar is not linked, and 20% plus surcharge and cess for non-residents (unless a lower treaty rate applies). Resident individuals can avoid TDS by submitting Form 15G/15H, while non-residents can claim DTAA treaty benefits by providing documents like TRC and Form 10F. Shareholders must submit all relevant documents and declarations to the company's RTA by June 10, 2025, failing which TDS will be deducted at the higher prescribed rate and shareholders will need to claim refunds via their income tax return.
This is a procedural compliance communication and not a new corporate event — the dividend itself was already recommended on May 7, 2025. No direct impact on the stock price is expected, though shareholders who fail to submit the required forms by June 10, 2025 will face higher tax deduction on their dividend payouts.