Quess Corp: Tax Deduction on Interim Dividend for FY 2026-27
Quess Corp Ltd has issued a communication to its shareholders regarding the deduction of tax at source (TDS) on the interim dividend declared for the Financial Year 2026-27. The Board of Directors declared an interim dividend of Rs. 5/- per equity share on October 30, 2026. The record date is November 06, 2026, with payment expected by November 20, 2026. The company will deduct TDS at prescribed rates, which may vary based on shareholder residency and submitted documentation. Resident shareholders with PAN linked to Aadhaar will have TDS at 10%, while those without a valid PAN or with an inoperative PAN will face a higher rate of 20%. Non-resident shareholders can opt for lower rates under Double Taxation Avoidance Agreements by providing necessary documentation, including a Tax Residency Certificate and Form 41. Failure to provide required documents will result in TDS at the standard rate of 20% plus applicable surcharge and cess.
Key Highlights
- Interim dividend of Rs. 5 per share declared for FY 2026-27.
- TDS will be deducted on dividend payments as per Income Tax Act.
- TDS rates vary for resident and non-resident shareholders.
- PAN and Aadhaar linkage is crucial for resident shareholders.
- Non-residents require TRC and Form 41 for treaty benefits.
Price Impact
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