Dividend30 Jun 2026, 10:20 pm
Hero MotoCorp Notifies Shareholders on Dividend TDS Provisions
AI Summary
Hero MotoCorp Ltd has informed its shareholders about the applicable provisions of the Income-tax Act, 2025, concerning Tax Deducted at Source (TDS) on the final dividend for FY 2025-26. The company will deduct TDS at applicable rates on the dividend, if approved at the AGM. Resident shareholders will face a 10% TDS if they provide a valid PAN, with a threshold of ₹10,000 for individuals. Failure to provide a valid PAN or link it with Aadhaar will result in a 20% TDS. Shareholders are advised to submit the new Form 121 for declarations, replacing the older Forms 15G/15H.
Key Highlights
- TDS on final dividend for FY 2025-26 to be deducted as per Income-tax Act, 2025.
- Resident shareholders to have 10% TDS if valid PAN is provided; 20% if not.
- Individual shareholders have a ₹10,000 threshold for TDS on dividends.
- New Form 121 replaces Forms 15G/15H for dividend tax declarations.
- Shareholders must update PAN details with depositories or RTA.
Price Impact
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