Tax & Penalty29 May 2026, 10:21 pm
Ceat Ltd: Dividend Taxability Update for Shareholders
AI Summary
Ceat Ltd informs shareholders about the taxability of dividends as per the Income Tax Act, 2025, effective from April 1, 2020. Dividends paid are taxable in the hands of shareholders, and the company is required to deduct tax at source (TDS). The company has sent an email detailing the process for tax deduction and compliance, available on the company website. Resident individual shareholders can submit Form 121 through depositories for TDS exemption, subject to conditions. Other resident shareholders may have nil/lower tax rates based on self-declarations and eligibility.
Key Highlights
- Dividends paid by Ceat Ltd are taxable for shareholders as per Income Tax Act, 2025.
- Ceat Ltd is required to deduct tax at source (TDS) on dividend payments.
- Resident individual shareholders can submit Form 121 for TDS exemption.
- Nil/lower tax rates apply to certain resident shareholders upon self-declaration.
- Shareholders must comply with specified conditions and submit necessary documents for tax benefits.
Price Impact
More from CEATLTD