NOCIL Ltd: Dividend Tax Deduction Intimation to Shareholders

NOCIL Ltd has issued a communication to its shareholders regarding the tax deduction at source (TDS) on the recommended dividend of Rs 1.50 per equity share for FY 2025-26. Following the Finance Act, 2020, dividend income is taxable in the hands of shareholders. The company will deduct TDS as per sections 194/195/196D of the Income Tax Act, 1961, with rates varying based on the shareholder's residential status and submitted documentation. Specific TDS rates and exemption conditions for resident shareholders, including individuals aged 60+, are detailed, requiring updated PAN and relevant forms like Form 121 for potential exemptions.