Linde India has announced details regarding tax deduction at source (TDS) on dividend payments for the financial year ended March 31, 2026. The company will deduct TDS at applicable rates as per the Income Tax Act, 2025. Shareholders are urged to update their residential status, PAN, and Aadhaar details by August 6, 2026, to ensure correct tax application and timely dividend credit. Various categories of shareholders have specific requirements and documentation procedures outlined.
Dividend Tax Deduction Details Announced
Linde India Limited has issued an important communication to its shareholders regarding the Tax Deduction at Source (TDS) applicable to dividend payments for the financial year ended March 31, 2026. This intimation is made pursuant to Regulation 30 read with Clause 12 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dividend Declaration and Record Date
The Board of Directors, in a meeting held on May 30, 2026, declared a dividend of 120% (Rs. 12/- per equity share), which includes a special dividend of 80% (Rs. 8/- per equity share). This dividend is on 85,284,223 equity shares of Rs.10/- each. The record date to determine eligibility for this dividend payment has been fixed as Thursday, August 6, 2026.
Requirement for Updated Shareholder Information
To facilitate the timely credit of dividends directly into registered bank accounts, shareholders are requested to ensure their bank account details are updated with their respective depository participants or the Company’s Registrar and Transfer Agent by August 6, 2026. This is particularly crucial as, effective April 1, 2024, dividends for shareholders holding securities in physical form must be paid electronically, requiring updated PAN, nomination details, contact information, and specimen signatures.
TDS Obligations for the Company
Linde India is obligated to deduct tax at source (TDS) on dividend payments at applicable rates in accordance with the Income Tax Act, 2025. The company will transfer the dividend amount to eligible shareholders only after deducting the applicable taxes, surcharge, and cess.
Essential Information for Shareholders by August 6, 2026
All shareholders are required to ensure the following details are updated, as applicable, with their Depository Participant or the Company’s Registrar and Transfer Agent by August 6, 2026:
- Residential status as per the Act (Resident or Non-Resident for Tax Year 2026-27).
- Valid Permanent Account Number (PAN).
- For individual shareholders, Aadhaar number (in addition to PAN).
- Category of shareholders (e.g., Mutual Fund, Insurance Company, AIF, Government, FPI/FII, Individual, HUF, Firm, LLP, AOP/BOI, Trust, Domestic company, Foreign company).
- Email ID.
- Address.
TDS Rates and Required Documents
For Resident Shareholders:
- Shareholders with duly registered valid PAN: TDS will be deducted at 10% on the dividend amount, provided a valid PAN is submitted. Failure to link PAN with Aadhaar may result in a higher TDS rate of 20%.
- Individuals: TDS applies if the aggregate dividend paid exceeds Rs.10,000/- during the tax year 2026-27. Required documents include Form 121 for Tax Year 2026-27 and other prescribed documents for lower withholding or exemption.
- Insurance Company (Public & Other Insurance Companies): Documentary evidence and a declaration qualifying as an insurer are required.
- Mutual Fund: Documentary evidence of SEBI registration and eligibility for exemption under Schedule VII are needed.
- Alternative Investment Fund (AIF) Category I and II: Documentary evidence of SEBI registration and eligibility for exemption under Schedule V are required.
- Others (Resident Company/Firm/HUF/AOP/Trust/Order under Section 395): A lower withholding tax certificate or tax exemption status evidence from Income Tax authorities is required.
Shareholders WITHOUT duly registered valid PAN:
Other resident shareholders without a valid PAN or with an invalid PAN may face a TDS rate of 20%. It is advised to update the PAN with depositories or the Company’s Registrar and Transfer Agent.
For Non-Resident Shareholders:
Non-resident shareholders may opt for tax rates under Double Taxation Avoidance Agreements (DTAA). The DTAA rate, or 20% (whichever is lower, increased by surcharge and cess), will be applied upon submission of specific documents including a valid PAN, Tax Residency Certificate (TRC), self-declarations, and SEBI registration copy for FIIs/FPIs. Special provisions apply for Singapore tax residents regarding Article 24 of the India-Singapore DTAA.
Submission of Tax Related Documents
All required documents must be uploaded on the KFin Technologies Limited portal at https://ris.kfintech.com/form15 on or before 6.00 PM (IST) on July 27, 2026. Alternatively, physical documents can be sent to KFin Technologies Limited at the provided address in Gachibowli, Hyderabad. Documents submitted after the cut-off date will be considered at the Company’s discretion.
Important Notes for Shareholders
- All submitted documents must be self-attested.
- Shareholders holding shares under multiple accounts with a single PAN will have the highest applicable tax rate considered for their entire holding.
- TDS rates are subject to due diligence and verification.
- If dividend income is assessable to tax in the hands of a person other than the registered shareholder, a declaration to that effect must be furnished.
- Shareholders can claim a refund of excess TDS by filing their Income-tax return in India.
- Shareholders are responsible for any income-tax demand arising from misrepresentation or omission of information.
- A soft copy of the TDS certificate will be emailed to registered email IDs for valid PAN holders.
This communication summarizes the provisions of law and shareholders are advised to consult their own tax advisors for specific tax implications.
Source: BSE
