Dividend7 Jul 2026, 04:14 pm
Timken India Recommends ₹2.50 Dividend; Details Tax Deductions
AI Summary
Timken India Ltd has announced a recommended dividend of ₹2.50 per equity share for the financial year ended March 31, 2026, subject to member approval at the 39th AGM. The company has provided detailed communication regarding Tax Deducted at Source (TDS) on dividend payments. For resident individual shareholders, TDS is 10% if PAN is provided and the dividend exceeds ₹10,000, or 20% if PAN is invalid. Exemptions apply for dividends below ₹10,000 or with a valid declaration. Non-resident shareholders will face a 20% withholding tax, with options to avail beneficial Double Tax Avoidance Agreement (DTAA) rates upon providing necessary documentation.
Key Highlights
- Recommended dividend of ₹2.50 per equity share for FY26.
- TDS of 10% for resident individuals with valid PAN, 20% if PAN is invalid.
- Exemptions for resident dividends under ₹10,000 or with declaration.
- Non-residents face 20% withholding tax, DTAA benefits available.
- Details on documentation for tax exemptions are provided.
Price Impact
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