Vedant Fashions: TDS Communication on FY26 Dividend Sent to Shareholders
Vedant Fashions Limited has informed the stock exchange about the communication sent to its shareholders regarding Tax Deducted at Source (TDS) on dividends for the financial year 2025-26. The company is adhering to the Income-tax Act, 2025, which mandates TDS on dividends. Shareholders will be subject to TDS at applicable rates, varying based on their residential status and submitted documentation. For resident shareholders with valid PAN, the rate is 10% if the dividend does not exceed ₹10,000; otherwise, it's 20% for those with no/invalid PAN or inoperative PANs due to non-linking with Aadhaar. The company has provided a link and email for shareholders to update their details to ensure correct TDS deduction.
Key Highlights
- Vedant Fashions issued TDS communication to shareholders for FY25-26 dividend.
- TDS rates vary based on shareholder residency and PAN status.
- Resident shareholders with valid PAN face 10% TDS up to ₹10,000 dividend.
- Higher TDS rates (20%) apply for invalid/inoperative PANs.
- Shareholders urged to update PAN and Aadhaar linkage for correct TDS.
Price Impact
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