TDS ON DIVIDEND.

This query is : Resolved

Viral (Querist)
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09 December 2021 Sir,
Our Company Declared the Interim Dividend to the share holder. FOR F.Y. 2021-22.

FOR DOMESTIC SHARE HOLDER I HAVE DEDUCTED TDS US 194 @ 10%
FOR NRI SHARE HOLDER I HAVE DEDUCTED TDS US 195 @ 20.8% .

Pls advice to me is this correct?

CA.Pujah

CA.Pujah (Expert)
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09 December 2021 Resident Shareholders:-
#10% (presently reduced to 7.5% until 31st March 2021) if dividend amount exceeds INR 5,000
#20% in absence of PAN
#No TDS if Form 15G/15H submitted
#No TDS for specified Insurance companies/Mutual Funds and AIF

Non Resident Shareholders (Other than FPI):-
#20% plus applicable surcharge and cess or rates as per DTAA whichever is beneficial
#Surcharge restricted to maximum 15%

FPI :- 20% plus applicable surcharge and cess

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