Quess Corp Limited has issued a communication to its shareholders regarding the deduction of tax at source (TDS) on the interim dividend for the Financial Year 2026-27. The company has detailed the applicable TDS rates, exemption criteria, and required documentation for various categories of resident and non-resident shareholders. Shareholders are advised to submit necessary documents by November 08, 2026, to ensure correct TDS application.
Quess Corp Outlines Dividend Tax Procedures
November 03, 2026 – Quess Corp Limited has formally communicated to its shareholders the procedures and implications regarding the deduction of tax at source (TDS) on the interim dividend declared for the Financial Year 2026-27. This communication, sent to the BSE Limited and National Stock Exchange of India Limited, outlines the company’s compliance with regulatory requirements and provides essential information for investors.
Interim Dividend Details and Record Date
The Board of Directors of Quess Corp, in a meeting held on October 30, 2026, declared an interim dividend of Rs. 5/- per equity share. This represents 50% of the face value of Rs. 10/- per share for the Financial Year 2026-27. The record date for determining the entitlement of shareholders to this dividend has been fixed as Friday, November 06, 2026. The dividend payment is scheduled to be made on or before November 20, 2026.
Tax Deduction at Source (TDS) Explained
As per the Income Tax Act, 2025, dividends are taxable in the hands of shareholders. Quess Corp will be required to deduct TDS at the time of dividend payment. The applicable TDS rates can vary based on the shareholder’s residential status and the documents they provide.
Resident Shareholders
For resident shareholders, the standard TDS rate is 10% as per Section 393(4) of the Act. However, specific exemptions apply, such as when aggregate dividend income does not exceed INR 10,000/- during the Tax Year 2026-27. Shareholders seeking exemption must provide appropriate documentation, including Form 121 or a lower/NIL withholding tax certificate obtained from Income Tax authorities. Linking Aadhaar with PAN is mandatory; otherwise, PAN may be considered ‘inoperative,’ leading to a higher TDS rate.
Non-Resident Shareholders
Non-resident shareholders are subject to a TDS rate of 20% (plus applicable surcharge and cess), which can be modified if they opt for tax rates under Double Taxation Avoidance Agreements (DTAA). To avail DTAA benefits, non-residents must submit documents such as a PAN Card, Tax Residency Certificate (TRC), and potentially other declarations like Form 41. The deadline for submitting these documents to the RTA is Sunday, November 08, 2026, 05:00 PM (IST).
Document Submission and Important Notes
Shareholders are urged to upload the required documents on the RTA portal (https://web.in.mpms.mufg.com/formsreg/submission-of-form-15g-15h.html) by the stipulated deadline. No communications or documents submitted after November 08, 2026, 05:00 PM (IST) will be considered. The company emphasizes that it is not obligated to apply beneficial tax treaty rates without complete and satisfactory documentation. Shareholders are advised to consult their tax advisors for personalized guidance. In case of higher TDS deduction due to missing documents, shareholders may file their income tax return to claim a refund, if eligible. The company will not be liable for taxes deducted under such circumstances. Shareholders are also reminded to update their bank account details to ensure timely dividend credit.
Source: BSE
