Donear Industries Ltd: TDS on Dividend Explained
Donear Industries Limited has issued a communication to its shareholders regarding the deduction of Tax Deducted at Source (TDS) on dividends. The company clarified that for resident individual shareholders, TDS will not be deducted if the total dividend does not exceed ₹10,000 in a financial year. For dividends exceeding this threshold, a 10% TDS applies if the PAN is updated. For non-resident shareholders, the TDS rate is 20% (plus surcharge and cess) or the applicable tax treaty rate, whichever is lower. The company also provided details on required documentation and forms for various shareholder categories to ensure correct TDS application.
Key Highlights
- TDS on dividend explained for resident and non-resident shareholders.
- No TDS for resident individuals if dividend is ₹10,000 or less.
- 10% TDS for resident shareholders on dividends over ₹10,000 with PAN.
- Non-residents face 20% TDS or lower tax treaty rate.
- Shareholders urged to update PAN and residential status.
Price Impact
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