Income-tax Act 2025 | Business Upturn

Muthoot Finance declares Rs 30 per share interim dividend for FY 2025-26

Arunika Jain — Wed, 22 Apr 2026 07:22:57 +0000

Muthoot Finance has announced an interim dividend of ₹30 per equity share for the financial year 2025-26, as declared by the Board of Directors on April 10, 2026. This dividend will be distributed to shareholders based on the details of beneficial ownership provided by the Depositories. For shares held in physical form, the dividend will be paid to members whose names appear on the Register of Members as of the close of business on April 17, 2026.

The company has also provided a detailed communication regarding the applicability of Tax Deduction at Source (TDS) on the dividend. The provisions of the new Income-tax Act, 2025, which came into effect on April 1, 2026, will govern the TDS process. The withholding tax rate will vary depending on the residential status of the shareholder and the documents submitted.

For resident shareholders, no TDS will be deducted if the total dividend does not exceed ₹10,000 during the financial year. A 10% TDS will apply to those with a valid PAN, while a 20% TDS will apply to those without a PAN or with an invalid PAN. Shareholders can submit Form 121 for exemption under certain conditions.

Non-resident shareholders will face a 20% TDS, plus applicable surcharge and cess, unless a lower tax treaty rate applies. To benefit from a tax treaty rate, non-residents must provide a Tax Residency Certificate, a copy of Form 41, and a self-declaration of eligibility.

Shareholders are advised to ensure their PAN is linked with their Aadhaar number to avoid higher TDS rates. The company has provided online submission links for necessary documents to facilitate the process.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Aster DM Healthcare announces Rs 3 interim dividend per share for FY 2025-26

Arunika Jain — Fri, 27 Mar 2026 13:13:48 +0000

Aster DM Healthcare has declared an interim dividend of ₹3 per equity share for the financial year 2025-26. The announcement was made during the Board of Directors meeting held on March 26, 2026. The record date for determining the entitlement of shareholders to receive the interim dividend has been set for April 3, 2026.

In accordance with the provisions of the Income-tax Act, 2025, any dividend paid or distributed by a company is taxable in the hands of the shareholders. Consequently, Aster DM Healthcare will deduct tax at source when making the interim dividend payment.

For resident shareholders, the tax deduction at source (TDS) will be applied at a rate of 10% for those with a valid Permanent Account Number (PAN). However, if the PAN is invalid or not linked with an Aadhar number, the TDS rate will be 20%. Exemptions from TDS are available for certain categories, such as insurance companies, mutual funds, and alternative investment funds, upon submission of the requisite documents.

Non-resident shareholders will be subject to a withholding tax rate of 20% or as per the applicable Double Tax Avoidance Agreement (DTAA) between India and their country of residence. To avail of the DTAA benefits, non-resident shareholders must provide a Tax Residency Certificate, a self-declaration in Form 41, and other relevant documents.

The detailed communication regarding the TDS provisions and the necessary annexures to be submitted has been circulated to shareholders whose email addresses are registered with the company or depositories. The information is also available on the company’s website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).