Aptus Value Housing Finance India Limited has declared an interim dividend of ₹2 per equity share for the financial year 2026-27. The company has communicated to its shareholders regarding the Tax Deduction at Source (TDS) applicable to this dividend. The announcement details various scenarios for resident and non-resident shareholders, including exemption criteria, required documentation, and applicable tax rates.
Interim Dividend Declared
The Board of Directors of Aptus Value Housing Finance India Limited, in a meeting held on November 04, 2026, announced an interim dividend of ₹2 (Indian Rupees Two only) per equity share. This dividend is for the financial year 2026-27, on shares with a face value of ₹2.
Tax Deduction at Source (TDS) Communication
In line with the declaration, the company has initiated communication with its shareholders concerning the Tax Deduction at Source (TDS) or withholding tax on the dividend payout. This communication aims to inform shareholders about the applicable tax provisions and the process for claiming any potential tax exemptions.
For Resident Shareholders
The document outlines the summary of applicable TDS rates for resident shareholders. Key points include:
- Resident Individuals: Dividend is exempt if the total dividend for the year does not exceed ₹10,000. Otherwise, a 10% TDS applies. No tax is deducted if the total dividend received does not exceed ₹10,000, or if a written declaration in Form 121 is provided, meeting eligibility conditions, or if an exemption certificate is issued by the Income-tax Department.
- Alternative Investment Fund: Category I or II AIFs are exempt, while Category III AIFs are subject to 10% TDS.
- Mutual Funds: Exempt.
- Insurance Companies, Government (Central/State): Exempt.
- Others: 10% TDS applies.
A general rate of 10% TDS is applicable on dividend income payable to shareholders who have registered their valid PAN. Shareholders without a registered PAN will face a 20% TDS rate.
For Resident Non-individuals
No TDS is deductible on dividend payable to certain resident non-individuals upon submission of requisite documents and declarations. This includes Mutual Funds, Insurance Companies, and Category I and II Alternative Investment Funds, provided specific conditions are met. Government entities are also exempt.
For Non-Resident Shareholders
The applicable TDS rate for non-resident shareholders is 20% or the applicable beneficial rate under the Double Taxation Avoidance Agreement (DTAA), whichever is lower. This applies to Foreign Promoter Bodies Corporates, Foreign Corporate Bodies, Foreign Portfolio-Corp, Non-resident Indians, Non-resident Indian Non Repatriable, and Foreign Trusts. Non-residents seeking DTAA benefits must furnish documents such as a Tax Residency Certificate (TRC), self-declarations, and other supporting evidence.
Important Notes
Shareholders are requested to update their details with their depositories or the Company’s Registrar and Share Transfer Agent (RTA). The company is obligated to deduct TDS based on available records, and revisions to TDS returns will not be entertained. In case of higher TDS deduction due to incomplete documentation, shareholders may file their income tax return to claim a refund.
The information provided is a summary and shareholders are advised to consult their tax advisors for personalized advice. The company’s website, www.aptusindia.com, also contains this information.
Source: BSE
