Paras Defence Informs Shareholders on Dividen

has informed its shareholders about the applicable Tax Deduction at Source (TDS) provisions on dividend payouts effective from April 1, 2026, in accordance with the Income Tax Act. Mumbai: Paras Defence and Space Technologies Limited has issued a communication to its shareholders detailing the Tax Deduction at Source (TDS) provisions applicable on dividend payouts, effective from April 1, 2026, as mandated under the Income Tax Act, 1961. The company has highlighted the revised TDS rates that will apply to both resident and non-resident shareholders. For resident individual shareholders, TDS will be deducted at the prescribed rates if the dividend amount exceeds the specified threshold, while non-resident shareholders will be subject to TDS as per the applicable Double Taxation Avoidance Agreement (DTAA) or domestic rates, whichever is more beneficial, subject to submission of necessary documents such as Form 15G/15H, tax residency certificates, and other declarations. Shareholders have been advised to update their PAN, bank account details, and residential status with the company or its Registrar and Transfer Agent to ensure accurate TDS deduction and timely credit of dividends. The circular aims to facilitate compliance and avoid any inconvenience during future dividend distributions. **Top stocks in the defence & aerospace industry:** Bharat Electronics (BEL), Hindustan Aeronautics (HAL), and Bharat Dynamics.