UltraTech Cement: Tax Deduction on FY26 Dividend Explained

UltraTech Cement Ltd has issued a communication to its shareholders detailing the tax deduction at source (TDS) on the recommended dividend of Rs. 240 per equity share for FY2025-26. The company will deduct tax at applicable rates for resident and non-resident shareholders, with specific provisions for exemptions and benefits under Double Taxation Avoidance Agreements (DTAA). Shareholders are required to submit necessary documentation, including PAN, Tax Residency Certificate, and specific forms, to avail lower or nil TDS rates. Failure to comply or provide correct information may result in higher TDS rates, and shareholders will be responsible for any tax demands arising from inaccurate disclosures.