Tata Power Company Limited has informed the Exchange regarding 'Communication To Shareholders - Intimation on Tax Deduction on Dividend'.
TATAPOWER · price
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Tata Power has informed shareholders about the tax deduction process applicable to the dividend of Rs. 2.25 per equity share (225% on face value of Rs. 1) recommended by the Board on May 14, 2025 for FY2024-25, subject to approval at the 106th AGM on July 4, 2025. The record date is set for June 20, 2025, and the dividend is expected to be paid on July 7, 2025. The company has detailed TDS rates: 10% for resident shareholders with valid PAN, 20% without PAN or if PAN is not linked with Aadhaar, and applicable rates for non-residents with options for DTAA benefits. Shareholders must submit tax-related documents like Form 15G/15H or exemption certificates by June 19, 2025 to avoid higher tax deduction.
This is a routine procedural communication regarding TDS on the declared dividend. Shareholders should ensure their PAN is linked with Aadhaar and submit relevant tax forms before the June 19, 2025 deadline to avoid higher TDS deductions. The dividend itself remains subject to shareholder approval at the upcoming AGM.