Valiant Communications: Dividend Tax Deduction Intimation to Shareholders

Valiant Communications Ltd has issued an important communication to its shareholders regarding tax deduction on dividends. The company informed that dividend income is taxable as per the Income Tax Act, 2025. For resident individual shareholders, TDS at 10% will be deducted if the aggregate dividend exceeds ₹10,000, provided they have a valid PAN. Failure to link Aadhaar with PAN or using an inoperative PAN will result in a higher TDS rate of 20%. Shareholders can submit Form 121 for potential TDS exemption by September 8, 2026, via the shareholder portal or their depository participants. The company will rely on income tax department reports for PAN validity checks.