Dividend9 Sept 2026, 05:50 pm
Sri Lotus Developers announces TDS on 30% interim dividend
AI Summary
Sri Lotus Developers and Realty Ltd has informed shareholders about the Tax Deducted at Source (TDS) applicable on the interim dividend of 30% (₹0.30 per equity share) declared for FY 2026-27. The TDS rate will vary based on the shareholder's residential status, PAN, and submitted documentation. Resident individuals with a valid PAN linked to Aadhaar will face a 10% TDS, unless the dividend is below ₹10,000 or a Form 121 is submitted. Non-residents can claim benefits under Double Taxation Avoidance Agreements (DTAA) by submitting specific documents by September 11, 2026.
Key Highlights
- Company declared 30% interim dividend for FY 2026-27.
- TDS on dividend will be deducted based on shareholder status.
- Resident shareholders with valid PAN face 10% TDS.
- Non-residents can claim DTAA benefits with documentation.
- Required documents for DTAA benefits due by September 11, 2026.
Price Impact
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