GPL Intimates Shareholders on Dividend Tax Deduction

Godrej Properties Limited (GPL) has issued a communication to its shareholders regarding the tax deduction applicable on dividends. The company clarified that dividend income is taxable as per the Income Tax Act, 2025. Shareholders are advised to ensure their details like PAN, residential status, and bank mandates are updated to facilitate correct tax deduction. The Board recommended a dividend of ₹10 per equity share for FY26, with a record date of July 28, 2026, and payment expected within 30 days of the AGM on August 4, 2026. For resident shareholders with valid PAN, TDS will be 10%; otherwise, it will be 20%. Resident individuals receiving less than ₹10,000 in dividends are exempt from TDS.