Indian Railway Catering and Tourism Corporation Limited (IRCTC) has announced Tuesday, September 22, 2026, as the record date for determining eligible shareholders for the final dividend for the financial year ending March 31, 2026. The dividend, if declared at the AGM, will be paid within 30 days. The company also outlined the tax deduction at source (TDS) process for both resident and non-resident shareholders, including required documentation for tax exemption.
IRCTC Declares Record Date for Final Dividend
Indian Railway Catering and Tourism Corporation Limited (IRCTC) has officially fixed Tuesday, September 22, 2026, as the ‘Record Date’. This date will be used to determine which shareholders are eligible to receive the final dividend for the financial year that concluded on March 31, 2026. The company has stated that if the dividend is approved at the Annual General Meeting (AGM), it will be paid out within 30 days of the AGM’s conclusion.
Tax Deducted at Source (TDS) Process
In accordance with the Income-tax Act, 2025, any dividend paid by IRCTC is taxable in the hands of the shareholders. Consequently, the company is obligated to deduct tax at source (TDS) at the time of dividend payment. IRCTC has provided detailed information regarding the TDS process, including requirements for claiming tax exemption on the final dividend for both Resident and Non-Resident members.
For Resident Shareholders
Specific documentation and self-declarations are required for various categories of resident shareholders, including Mutual Funds, Insurance Companies, Alternative Investment Funds, and other entities entitled to exemption. For other resident shareholders, TDS will be deducted at a rate of 10% unless the aggregate dividend distributed does not exceed ₹10,000. Additionally, no TDS is required on furnishing valid Form 121 (erstwhile Form 15G/15H). A 20% TDS rate applies if PAN details are incomplete or invalid.
For Non-Resident Shareholders
For Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs), TDS is to be deducted at 20% plus applicable surcharge and cess, or as per the Double Taxation Avoidance Agreement (DTAA) if more beneficial. Other non-resident shareholders also face a 20% withholding tax rate, with provisions for availing DTAA benefits by providing specific documentation, including PAN and Tax Residency Certificate.
Shareholders are strongly advised to ensure their bank account details are updated in their respective demat accounts by the record date, September 22, 2026, to facilitate timely dividend credit. All required documents for TDS exemption claims should be uploaded to the provided portal before this date.
Source: BSE
