TDS | Business Upturn

Crisil faces Rs 27.24 crore TDS demand for FY 2019-20

Arunika Jain — Mon, 30 Mar 2026 08:00:40 +0000

Crisil Limited has received a Tax Deducted at Source (TDS) proceedings order for the financial year 2019-20, amounting to a demand of ₹27.24 crore. The order, dated 29th March 2026, was issued under sections 201(1) and 201(1A) read with section 195 of the Income Tax Act.

The demand pertains to TDS on foreign payments and is based on previous years’ orders on the same issue. Crisil has already filed an appeal against these earlier orders with the Hon’ble Commissioner of Income Tax (Appeals).

Despite the significant demand, Crisil has indicated that there will be no immediate impact on its financial, operational, or other activities. The company plans to file an appeal against the current TDS proceedings order as well.

The proceedings were initiated by the Income Tax Authority‘s TDS department, and Crisil has been actively engaging with the legal process to address the issue.

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).

Samvardhana Motherson declares interim dividend of Re. 0.35 per share for FY 2025-26

Kinjal — Fri, 20 Mar 2026 15:27:26 +0000

Samvardhana Motherson International Limited has announced an interim dividend of Re. 0.35 per equity share for the financial year 2025-26. The dividend was declared at the Board of Directors meeting held on March 19, 2026. Shareholders holding equity shares as of the record date, March 27, 2026, will be eligible to receive the dividend, which will be paid or dispatched within 30 days of the declaration.

In compliance with the Income Tax Act, 1961, the dividend is taxable in the hands of shareholders, and the company will deduct tax at source (TDS) at applicable rates. The TDS rate will vary based on the residential status of the shareholder and the documents submitted to the company. For resident shareholders, a valid PAN will attract a 10% TDS, while an invalid or no PAN will result in a 20% TDS. Shareholders can submit Form 15G or Form 15H to claim a nil TDS rate, provided they meet the eligibility criteria.

Non-resident shareholders can benefit from the Double Taxation Avoidance Agreement (DTAA) between India and their country of residence, which may offer a more favourable TDS rate. To avail of the DTAA benefits, non-resident shareholders must provide a Tax Residency Certificate and other relevant documents.

The company has urged shareholders to submit the necessary declarations and documents by March 26, 2026, to ensure the correct TDS rate is applied. This communication aims to facilitate the smooth processing of the interim dividend and ensure compliance with tax regulations.

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