Linde India Dividend: Company announces TDS details; record date set as Aug 7

Linde India Limited has announced the details of tax deducted at source (TDS) on its proposed dividend. The company had announced a dividend of ₹12 per equity share for the financial year ended March 31, 2025. This dividend, declared by the Board of Directors at their meeting held on May 23, 2025, includes a special dividend of ₹7.50 per share. The company has set Thursday, August 7, 2025, as the record date for determining the eligibility of shareholders for this dividend payment.

Dividend Details

The total dividend declared amounts to 120% of the face value, translating to ₹12 per equity share of ₹10 each. This includes a special dividend component of 75%, or ₹7.50 per share. The dividend will be paid to shareholders whose names appear in the company's register of members as of the record date, August 7, 2025. Payments will be facilitated through electronic credit directly to shareholders' registered bank accounts.

Tax Implications and Deduction at Source (TDS)

Linde India has also provided detailed intimation regarding the deduction of Tax at Source (TDS) on the declared dividend, in accordance with the provisions of the Income-Tax Act, 1961. The company is obligated to deduct tax at applicable rates and will transfer the dividend amount after withholding taxes, surcharge, and cess.

For Resident Shareholders:

• General Rate: For resident shareholders with a duly registered and valid Permanent Account Number (PAN), TDS will be deducted at 10% under Section 194 of the Act, provided the aggregate dividend paid by the company during FY 2025-26 exceeds ₹10,000.

• PAN-Aadhaar Linking: Shareholders are reminded that PAN must be linked with Aadhaar as per Section 139AA. Failure to comply will render the PAN invalid/inoperative, leading to a higher TDS rate of 20% as per Section 206AA.

• Exemptions/Lower Rates: To avail exemption or a lower withholding tax, eligible shareholders must submit specific forms or documents:
  • Form 15G (for individuals/HUF not liable to tax)
  • Form 15H (for resident individuals aged 60 years or more)
  • Documentary evidence for entities exempt from TDS (e.g., Insurance Companies, Mutual Funds, Category I/II Alternative Investment Funds registered with SEBI).
  • Lower withholding tax certificates obtained from Income Tax authorities (under Section 197 of the Act) or documentary evidence for tax exemption status.

• Without Valid PAN: For resident shareholders without a registered PAN or with an invalid PAN (as per the Income-Tax Portal database), TDS will be deducted at a higher rate of 20%. Shareholders are advised to update their PAN with their Depository Participant (for demat shares) or KFin Technologies Limited (for physical shares).

For Non-Resident Shareholders:

• Applicable Rate: Non-resident shareholders will be subject to TDS at 20% or the rate specified under the Double Taxation Avoidance Agreement (DTAA), whichever is lower.

• DTAA Benefit: To claim DTAA benefits, non-resident shareholders must submit the following documents:
  • Self-attested copy of Tax Residency Certificate (TRC) for FY 2025-26 or calendar year 2025.
  • Self-attested copy of PAN card issued by Indian Income-tax authorities. If PAN is unavailable, specific details like name, email, contact number, address in residency country, Tax Identification Number, and a self-declaration confirming no Permanent Establishment in India and eligibility for DTAA benefit.
  • E-filed Form 10F (electronically filed on the Indian Income Tax web portal) valid for FY 2025-26.
  • Copy of SEBI registration certificate for Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI).
  • For Singapore tax residents, a letter from the competent authority or other evidence demonstrating non-applicability of Article 24-Limitation of Relief under India-Singapore DTAA.

• The company emphasizes that the application of DTAA rates depends on the completeness and validity of submitted documents.

Shareholder Action Required

Shareholders are urged to ensure their bank account details are updated in their demat accounts or physical folios to facilitate timely electronic credit of the dividend. Furthermore, to comply with TDS provisions and avail appropriate tax rates, shareholders must update their residential status, valid PAN (and Aadhaar for individuals), category of shareholder, email ID, and address with their Depository Participant or the company's Registrar and Transfer Agent (KFin Technologies Limited) by August 7, 2025.

Important Dates and Deadlines

All required tax-related documents, including Forms 15G/15H, TRC, Form 10F, and other relevant proofs, must be uploaded on the KFin Technologies Limited portal at https://ris.kfintech.com/form15 or sent physically to KFin Technologies Limited, KFintech, Tower B, Plot 31-32, Selenium Building, Financial District Gachibowli, Nanakramguda, Gachibowli, Hyderabad - 500 032. The deadline for submission is 6:00 PM (IST) on July 28, 2025. Documents received after this cut-off will not be considered for tax benefits.

Additional Context

The company notes that eligibility for tax benefits is contingent upon the timely submission of proper and self-attested documents and their verification. In cases of ambiguous, incomplete, or conflicting information, or if valid information/documents are not provided, tax benefits will not be considered. If TDS is deducted at a higher rate due to non-compliance, shareholders can claim a refund by filing their Income-tax return in India, subject to applicable conditions. The company will email soft copies of TDS certificates to registered email IDs, and the TDS amount will also be reflected in Form 26AS.

Linde India advises shareholders to consult their own tax advisors for specific tax provisions applicable to their individual circumstances, as the communication provides a summarised overview of the law.