Dividend29 Jul 2026, 10:54 am
Godfrey Phillips India Ltd: TDS on FY26 Dividend Explained
AI Summary
Godfrey Phillips India Ltd has informed shareholders about the Tax Deduction at Source (TDS) on the proposed Final Dividend for FY 2025-26. The dividend of ₹33 per equity share is subject to shareholder approval at the AGM on August 24, 2026. The company will deduct TDS as per the Income-tax Act, 1961, based on shareholder category. Resident individuals may be exempt if dividend income is below ₹10,000 or if they submit Form 121. Non-residents will face withholding tax at applicable rates, with an option to avail DTAA benefits. Valid PAN is mandatory for all. Shareholders are advised to submit necessary declarations and documentation for claiming exemptions or lower TDS rates.
Key Highlights
- Final dividend of ₹33 per share recommended for FY 2025-26.
- TDS will be deducted on dividend payment as per Income-tax Act.
- Specific forms and declarations required for tax exemption/lower rates.
- Non-residents can opt for DTAA benefits if more favorable.
- AGM on August 24, 2026, to approve the dividend.
Price Impact
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