Dividend12 Jun 2026, 11:34 am
Punjab Chemicals: Tax Deduction on Dividend Explained
AI Summary
Punjab Chemicals & Crop Protection Ltd has issued a communication to its shareholders detailing the process of tax deduction at source (TDS) on dividend payments for the financial year 2025-26. The Board of Directors recommended a final dividend of 30% (₹3.00 per share), subject to AGM approval. The communication clarifies that TDS will be deducted at applicable rates based on shareholder residency and submitted documentation. For resident individuals, no tax will be deducted if the total dividend for TY 2026-27 does not exceed ₹10,000. Different withholding tax rates and required documentation are outlined for various categories of resident and non-resident shareholders.
Key Highlights
- Board recommended 30% final dividend (₹3.00/share) for FY25-26.
- TDS on dividend will be deducted as per Income-tax Act, 1961.
- Tax rates vary based on shareholder residency and documentation.
- Nil TDS for resident individuals if dividend is ₹10,000 or less.
- Detailed documentation requirements provided for all shareholder types.
Price Impact
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