Dividend6 Nov 2026, 05:25 pm
Great Eastern Shipping: TDS on Dividend Explained
AI Summary
Great Eastern Shipping Company Ltd has issued a communication detailing the Tax Deduction at Source (TDS) on its second interim dividend of ₹14.40 per equity share for FY2026-27. The filing outlines TDS rates applicable to resident and non-resident shareholders, varying based on PAN status, age, and submission of specific forms like Form No. 121 for resident individuals. For non-individual residents, exemptions apply if documents are submitted by November 13, 2026. Non-residents can opt for Double Taxation Avoidance Treaty (DTAA) rates. The company emphasizes the importance of correct documentation for claiming applicable relief under the Income-tax Act or DTAA.
Key Highlights
- Company clarifies TDS rules for interim dividend of ₹14.40 per share.
- TDS rates vary for resident/non-resident shareholders based on status.
- Specific forms and documentation required for TDS exemptions/relief.
- Deadline for non-individual residents to submit documents is Nov 13, 2026.
- Non-residents can utilize DTAA provisions.
Price Impact
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