The Indian Hotels Company Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
INDHOTEL · price
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Indian Hotels Company (IHCL) has informed shareholders about the tax deduction at source (TDS) process applicable on the proposed final dividend of ₹2.25 per equity share (225% on face value of ₹1), recommended by the Board on May 5, 2025 for FY ended March 31, 2025, subject to shareholder approval at the AGM in July 2025. Under the Finance Act 2020 framework, dividends are taxable in shareholders' hands, with TDS of 10% for resident shareholders holding a valid PAN and 20% if PAN is missing, invalid, or not linked with Aadhaar. No TDS will apply if the total dividend paid to a resident individual in FY2025-26 does not exceed ₹10,000. Non-resident shareholders will face TDS of 20% (plus surcharge and cess) or the lower DTAA rate, subject to submission of valid documents. Shareholders must submit Forms 15G/15H and other declarations to the Registrar MUFG Intime India by June 26, 2025, to avoid higher TDS deduction. Physical shareholders are reminded to update PAN, Aadhaar, bank, and contact details to receive payments electronically.
This is a routine TDS compliance intimation alongside a confirmation of a healthy 225% final dividend, signalling strong shareholder returns. Investors should ensure PAN-Aadhaar linkage and submit exemption documents before the June 26, 2025 deadline to avoid higher tax withholding; any excess TDS can be reclaimed via the income tax return.