Can Fin Homes Limited has informed stock exchanges regarding tax deduction at source on the final dividend for the financial year 2025-26. The board of directors at its meeting held on April 24, 2026 recommended a final dividend of Rs 8 per equity share with a face value of Rs 2 each for the financial year 2025-26.
The dividend is subject to shareholder approval at the annual general meeting scheduled for July 29, 2026. The final dividend will be payable to shareholders whose names appear in the register of members or as beneficial owners as on the record date of July 3, 2026.
Under the Income-tax Act, 2025, the dividend declared by Can Fin Homes is taxable in the hands of shareholders. Can Fin Homes will deduct tax at source at prescribed rates based on the residential status of shareholders and the documents submitted.
For resident individual shareholders with a valid PAN, TDS will be deducted at 10 percent. Shareholders without a valid or operative PAN will face a 20 percent TDS rate. No tax will be deducted on dividend payments below Rs 10,000 during the financial year 2026-27 or where a valid Form 121 is submitted confirming nil tax liability.
For non-resident shareholders, tax will be withheld at 20 percent plus applicable surcharge and cess. Non-resident shareholders may claim benefits under the Double Tax Avoidance Agreement by submitting a tax residency certificate, PAN, Form 41, and a self-declaration.
Shareholders must submit the required documents on or before July 17, 2026 to enable Can Fin Homes to determine the appropriate TDS rate. Incomplete or unsigned forms will not be considered. Shareholders whose tax is deducted at a higher rate due to missing documents may file a return of income and claim a refund if eligible.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.