Dividend20 May 2026, 08:01 pm
Elecon Engg: TDS on Dividend at 10% for Resident Shareholders
AI Summary
Elecon Engineering Company Ltd informs shareholders about tax deduction at source (TDS) on dividend payments for FY 2025-26. The company recommended a final dividend of ₹1.50 per equity share (150%) during its board meeting on April 15, 2026. TDS will be deducted at 10% for resident shareholders under Section 393(1) unless exempt, with exceptions for individuals receiving under ₹10,000 in total dividends. Non-resident shareholders may face a 20% withholding tax, subject to DTAA benefits and submission of required documents.
Key Highlights
- Elecon Engineering recommended a final dividend of ₹1.50 per share for FY 2025-26.
- TDS at 10% will be deducted from dividend payments to resident shareholders unless exempt.
- Individuals receiving total dividends under ₹10,000 may be exempt from TDS.
- Non-resident shareholders may face a 20% withholding tax on dividend payments.
- Shareholders can claim exemptions or lower rates by submitting required documents, including PAN and declarations.
Price Impact
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