Dividend20 Aug 2026, 05:21 pm
HB Portfolio Ltd: Interim Dividend Tax Deduction Communication
AI Summary
HB Portfolio Ltd has issued a communication to its members regarding the deduction of tax at source (TDS) on the interim dividend declared for the Financial Year 2026-27. The interim dividend is ₹1.25 per equity share. The company is providing details on the applicable TDS rates based on residential status and entity type, as well as the necessary declarations and documents members need to submit to ensure appropriate tax deduction. For resident individuals, no tax is deducted if the dividend amount is below ₹10,000 or if Form 121 is submitted under specified conditions. For other resident entities, specific declarations and documents are required for potential TDS exemptions.
Key Highlights
- Interim dividend of ₹1.25 per share declared for FY 2026-27.
- Communication details TDS applicability and member formalities.
- TDS rates vary based on residential status and entity type.
- Specific forms and declarations required for TDS exemptions.
- Dividend to be paid within 30 days of declaration.
Price Impact
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