360 ONE WAM has announced details regarding tax deduction on the second interim dividend for the financial year 2025-26. The dividend payout is ₹6 per share. The company will withhold taxes as per applicable rates, varying based on the shareholder’s residency status and submitted documentation. Shareholders are requested to update their PAN and residential status with their depositories before October 27, 2025.
Interim Dividend Announcement
The Board of Directors of 360 ONE WAM has declared a second interim dividend of ₹6 per equity share for the financial year 2025-26. This dividend is payable to shareholders, subject to tax deduction at source (TDS) as per the Income Tax Act.
Tax Deduction Guidelines
As per regulations, 360 ONE WAM is required to withhold taxes on dividend payments. The applicable TDS rate depends on the shareholder’s residential status and the documents they have submitted.
Resident Shareholders: Tax will not be deducted if the total dividend paid to a resident individual shareholder does not exceed ₹5,000 for the financial year. If it exceeds this amount, TDS will apply. Shareholders must update their PAN and residential status with their depositories.
Required Documents for Resident Shareholders
Resident shareholders must update or verify their PAN and residential status with their Depository Participants. If the PAN is not valid, tax will be deducted at a higher rate. Form 15G/15H can be submitted for exemption if eligibility conditions are met.
Non-Resident Shareholder Information
Non-Resident Shareholders: TDS rates will depend on the applicable tax treaty between India and the shareholder’s country of residence. Non-resident shareholders should update/verify their PAN and residential status. To claim treaty benefits, they need to provide a Tax Residency Certificate (TRC) and Form 10F.
Important Dates and Actions
Shareholders need to update their details and submit required documents by October 27, 2025, to ensure appropriate TDS rates are applied. Documents can be uploaded via the provided link to the Registrar and Transfer Agent. No communication will be entertained post the deadline of October 27, 2025.
Shareholders can view and download various forms (Form 15G, Form 15H, Self-declaration) from the provided links. It’s important to provide correct and complete information to avoid higher tax deductions.
Disclaimer
This announcement is for informational purposes only and does not constitute tax advice. Shareholders should seek advice from their tax advisors.
Source: BSE
