Communication to Shareholders - Initmation of Tax Deduction on Dividend
TATAPOWER · price
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Tata Power has communicated details about TDS on the recommended dividend of Rs. 2.50 per equity share (250%) for FY 2025-26, pending shareholder approval at the 107th AGM on July 7, 2026. The record date is June 23, 2026, with dividend payout on July 10, 2026. For resident individuals with valid PAN linked to Aadhaar, TDS is 10%; without PAN or invalid PAN, TDS increases to 20%. No TDS applies if total dividend does not exceed Rs. 10,000 or if Form 121 is submitted. Non-resident shareholders face 20% TDS (plus surcharge and cess) or may claim DTAA benefits by submitting required documents including PAN, Tax Residency Certificate, and Form 41. The last date to submit tax documents is June 22, 2026.
Shareholders will receive net dividend after TDS deduction; those with proper documentation can claim lower or nil TDS rates. The 10% TDS for most resident individual shareholders with valid PAN is relatively modest, but investors should submit required documents before the June 22 deadline to avoid higher 20% deduction.