Dividend withholding: mandate to include TDS particulars on dividend warrants and issue matching TDS certificates to shareholders. Companies must include TDS particulars on dividend warrants: ledger folio, number of shares, warrant number, gross dividend, rate of tax, tax deducted, net amount payable, and a certification clause with place, date and signature of the person responsible for deduction. The TDS format may be printed on the reverse of the warrant and, where dividends are paid electronically or in demat form, the same format should be issued; for cash or cheque payments, companies should issue the TDS certificate in this format along with the dividend intimation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Dividend withholding: mandate to include TDS particulars on dividend warrants and issue matching TDS certificates to shareholders.
Companies must include TDS particulars on dividend warrants: ledger folio, number of shares, warrant number, gross dividend, rate of tax, tax deducted, net amount payable, and a certification clause with place, date and signature of the person responsible for deduction. The TDS format may be printed on the reverse of the warrant and, where dividends are paid electronically or in demat form, the same format should be issued; for cash or cheque payments, companies should issue the TDS certificate in this format along with the dividend intimation.
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