Modison Ltd Outlines TDS Formalities for FY27 Dividend

Modison Ltd has issued an e-notice to its shareholders detailing Tax Deducted at Source (TDS) procedures and formalities for dividends declared and paid during the financial year 2026-27. The notice clarifies that dividend income is taxable and TDS will be deducted at applicable rates based on shareholder residency and submitted documentation. For resident individuals, TDS at 10% applies if the dividend exceeds ₹10,000, provided a valid PAN is linked with Aadhaar. Failure to comply may result in a higher TDS rate of 20%. Shareholders are advised to update their details and submit necessary forms like Form 121 for potential exemptions or lower withholding taxes. The company will rely on income tax department reports for PAN validity checks. The e-notice and related forms are available on the company's website.