WSFx Global Pay Ltd: TDS Communication on Final Dividend
WSFx Global Pay Ltd has issued a communication to its shareholders regarding Tax Deducted at Source (TDS) on the final dividend for the financial year 2025-26. The dividend of ₹1.50 per share will be paid within 30 days of shareholder approval at the 39th AGM. The company will deduct TDS at prescribed rates based on residential status and submitted documents. Resident individuals will face a 10% TDS unless exemptions apply, such as providing Form 121 or meeting cash payment thresholds. Non-individual resident shareholders like insurance companies and mutual funds may have NIL TDS if specific documentary evidence is provided. Valid PAN is mandatory, and failure to link Aadhaar may result in higher TDS rates.
Key Highlights
- Final dividend of ₹1.50 per share declared for FY 2025-26.
- TDS will be deducted on dividend payments as per Income Tax Act.
- Resident individuals face 10% TDS, with specific exemptions.
- Non-individual residents may have NIL TDS with proper documentation.
- Valid PAN and Aadhaar linkage are crucial for TDS rates.
Price Impact
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