Bajaj Holdings & Investment Limited communicated with shareholders on September 19, 2025, regarding Tax Deduction at Source (TDS) on dividend income. The communication detailed the process and documentation needed for claiming exemption from tax deduction on dividend. The company has requested shareholders to submit necessary documents by October 1, 2025, to avail applicable TDS provisions.
Dividend Income Tax Information
Bajaj Holdings & Investment Limited informed shareholders about the tax implications on dividend income as per the Income Tax Act, 1961. A detailed communication was dispatched on September 19, 2025, to those holding shares as of September 12, 2025, outlining the necessary procedures and documentation for claiming tax exemptions on dividends.
Key Details for Shareholders
The company requires shareholders to provide or update specific details to comply with TDS provisions. These include a valid Permanent Account Number (PAN), residential status for the financial year 2025-26, and shareholder category. Also required are email addresses and bank account details.
TDS Rates and Required Submissions
Tax will be deducted at source under section 194 of the IT Act. Individual shareholders with aggregate dividend income up to ₹10,000 during the financial year may face 0% TDS. Shareholders need to submit Form 15G or Form 15H for applicable exemptions. Without a valid PAN, or if PAN is unlinked with Aadhaar, a 20% TDS will be applicable.
Non-Resident Shareholder Information
For non-resident shareholders, tax is deducted as per section 195 of the IT Act. The TDS rate is 20% plus applicable surcharge and health & education cess. However, they have the option to be governed by the Double Tax Avoidance Agreement (DTAA) if it’s more beneficial and required documentation is provided.
Important Dates and Information
The deadline for submitting documents or communicating tax determination is October 1, 2025. Shareholders are requested to upload the necessary documents with KFin Technologies Limited. The company will email TDS certificates to shareholders post-dividend payment. The company declared an interim dividend of ₹ 65 per equity share of face value of ₹ 10 each, for the financial year ending 31 March 2026.
Source: BSE
