Dalmia Bharat Limited informed shareholders about Tax Deduction at Source (TDS) provisions for the final dividend of ₹5 per equity share (face value ₹2) for FY 2024-25, recommended on April 23, 2025.
For resident shareholders, TDS will be deducted at 10% if PAN is registered; otherwise, it will be 20%. No tax will be deducted if the total dividend received during FY 2025-26 does not exceed ₹10,000 or if Form 15G/15H is provided.
Non-resident shareholders will face withholding tax as per Section 195 of the Income Tax Act, 1961, with rates varying based on the type of shareholder and applicable Double Tax Avoidance Agreements (DTAA).
Shareholders must submit relevant documents, including PAN details, Tax Residency Certificates, and Form 10F, by June 23, 2025, to avail of treaty benefits or lower TDS rates.
The company is not obligated to apply beneficial DTAA rates if documents are incomplete or not satisfactorily reviewed.