TATA CONSUMER PRODUCTS LIMITED has informed the Exchange regarding 'Communication To Shareholders - Intimation Of Tax Deduction On Dividend'.
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Tata Consumer Products has informed shareholders about the tax deduction process for its final dividend of Rs. 8.25 per share (825% on face value of Rs. 1) recommended by the Board on April 23, 2025 for FY25, pending shareholder approval at the AGM in June 2025. The communication details TDS rates: 10% for resident shareholders with valid PAN, 20% for those without valid PAN or with inoperative PAN (PAN not linked with Aadhaar), and NIL for those submitting valid Form 15G/15H or falling under exempt categories like insurance companies, mutual funds, and provident funds. Non-resident shareholders can avail tax treaty rates (minimum 20%) by submitting Tax Residency Certificate, Form 10F, and self-declarations. Shareholders must submit relevant tax exemption documents by May 25, 2025 (resident) or June 21, 2025 (non-resident) to ensure correct TDS deduction.
This is a routine tax compliance communication tied to the already-recommended Rs. 8.25 final dividend and is unlikely to impact stock price. Shareholders who fail to submit required documents by the deadlines will face higher TDS deduction (20% instead of 10% or lower), though they can claim refunds later by filing income tax returns.