Tata Power Company Limited has informed the Exchange about Communication to Shareholders - Intimation of Tax Deduction on Dividend
TATAPOWER · price
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Tata Power has communicated to shareholders about tax deduction at source (TDS) on the dividend of Rs. 2.50 per equity share (250%) recommended for FY 2025-26. The dividend, subject to shareholder approval at the AGM on July 7, 2026, will be paid on July 10, 2026. The record date is June 23, 2026, and the last date to submit tax documents is June 22, 2026. For resident shareholders with valid PAN, TDS will be deducted at 10%; without PAN or unlinked PAN, the rate is 20%. Resident individuals receiving dividend up to Rs. 10,000 are exempt from TDS, and those with over 4,000 shares can submit Form 121 to avoid deduction. Non-resident shareholders face 20% withholding (plus surcharge and cess) or can claim DTAA benefits by submitting required documents including PAN, Tax Residency Certificate, and Form 41.
This is a standard compliance intimation under the Income Tax Act, 2025, informing shareholders of TDS procedures and deadlines. No impact on stock price expected as this is routine pre-dividend process communication. Shareholders should submit required documents by June 22, 2026 to avoid higher tax deduction.