Dividend30 Jul 2026, 07:10 pm
Route Mobile: Tax Deduction on Final Dividend Explained
AI Summary
Route Mobile Ltd has issued a communication to its shareholders regarding the tax deduction at source (TDS) on the final dividend declared for FY 2025-26. The company will deduct tax at applicable rates on the ₹2 per equity share dividend. Shareholders are advised to submit necessary declarations, such as Form 121, to avail exemptions or reduced rates. Failure to provide a valid PAN or link it with Aadhaar may result in a higher TDS rate of 20%. Resident individual shareholders with a total dividend income below ₹10,000 per annum are exempt from TDS, provided they have a valid PAN.
Key Highlights
- Final dividend of ₹2 per share declared for FY 2025-26.
- TDS will be deducted on dividend payments as per Income-tax Act, 2025.
- Shareholders must submit valid PAN and potentially Form 121.
- Higher TDS rate of 20% applies if PAN is not linked to Aadhaar.
- Exemption from TDS for resident individuals with < ₹10,000 dividend income.
Price Impact
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