Shareholder -- Transfer of Shares to IEPF
As per the Income Tax Act, 1961 ("the Act"), dividend paid or distributed by a Company is taxable in the hands of the shareholders. Accordingly, the
dividend declared by IL&FS Investment Managers Limited ("the Company") for the financial year ended March 31, 2023 will be taxable in the hands of the
shareholders. The Company shall therefore be required to deduct tax at source as per the relevant sections of the Income Tax Act, 1961, at the time of
making the payment of the dividend, if approved, at the Annual General Meeting of the Company
Shareholders are requested to kindly note following:
- Communication note for the applicable Tax Deduction at Source ("TDS")
provisions under the Act for Resident and Non-Resident shareholder categories
- Submission of Tax Related Documents
- Shareholders can download the relevant formats as appended below :
Form No 15H
Form No 15G
Form No 10F
NR tax declaration
- Shareholders are requested to send all the relevant requisite tax related documents mentioned above duly quoting their Folio No. or
DP Id-Client Id to M/s Link Intime India Private Limited, Unit - IL&FS
Investment Managers Limited, C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai 400 083 or scanned copies can be sent at
ilfsinvestdivtax@linkintime.co.in and
investor.relations@ilfsindia.com
- To enable us to determine the appropriate TDS / withholding tax rate applicable, we request you to provide the above details and documents
not later than August 12, 2023. No communication on the tax determination / deduction shall be entertained after August 12, 2023
As per the Income Tax Act, 1961 ("the Act"), as amended by the Finance Act, 2020, dividends paid or distributed by a company on or after
April 1, 2020 shall be taxable in the hands of the shareholders. Accordingly, the dividend declared by IL&FS Investment Managers Limited
("the Company") for the financial year ended March 31, 2022 will be taxable in the hands of the shareholders. The Company shall therefore be
required to deduct tax at source as per the relevant sections of the Income Tax Act, 1961, at the time of making the payment of the dividend,
if approved, at the Annual General Meeting of the Company
Shareholders are requested to kindly note following:
- Communication note for the applicable Tax Deduction at Source
("TDS") provisions under the Act for Resident and Non-Resident shareholder categories
- Submission of Tax Related Documents
- Shareholders can download the relevant formats as appended below :
Form No 15H
Form No 15G
Form No 10F
NR tax declaration
- Shareholders are requested to send all the relevant requisite tax related documents mentioned above duly quoting their Folio No. or
DP Id-Client Id to M/s Link Intime India Private Limited,
Unit – IL&FS Investment Managers Limited, C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai 400 083 or scanned copies can be sent at
ilfsinvestdivtax@linkintime.co.in and
investor.relations@ilfsindia.com
- Updating PAN, email address, Bank Account Details and other details
- Shareholders are requested to update their records such as tax residential status, permanent account number (PAN), registered email addresses,
mobile numbers, bank account details and other details with Depository Participant, in case shares are held in the electronic form. In case shares
are held in physical form, shareholders are requested to get the said details updated/registered with the Company's registrar and share transfer agent
(RTA) - M/s Link Intime India Private Limited, Unit – IL&FS Investment Managers Limited, C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai 400 083,
duly quoting Folio No. / DP Id-Client Id and by submitting the requisite documents mandated by SEBI. The details will be updated by RTA, provided the
other relevant KYC details are registered
- To enable the Company to determine the appropriate TDS / withholding tax rate applicable, we request you to provide the required details and documents
not later than August 25, 2022. No communication on the tax determination / deduction shall be entertained after August 25, 2022
As per the Income Tax Act, 1961 ("the Act"), as amended by the Finance Act, 2020, dividends paid or distributed by a company on or after April 1, 2020 shall be taxable in the hands of the shareholders. Accordingly, the dividend declared by IL&FS Investment Managers Limited ("the Company") for the financial year ended March 31, 2021 will be taxable in the hands of the shareholders. The Company shall therefore be required to deduct tax at source as per the relevant sections of the Income Tax Act, 1961, at the time of making the payment of the dividend, if approved, at the Annual General Meeting of the Company
Shareholders are requested to kindly note following:
- Communication note for the applicable Tax Deduction at Source ("TDS") provisions under the Act for Resident and Non-Resident shareholder categories
- Submission of Tax Related Documents
- Shareholders can download the relevant formats as appended below :
Form No 15H
Form No 15G
Form No 10F
NR tax declaration
- Shareholders are requested to send all the relevant requisite tax related documents mentioned above duly quoting their Folio No. or DP Id-Client Id to M/s Link Intime India Private Limited,
Unit – IL&FS Investment Managers Limited, C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai 400 083 or scanned copies can be sent at ilfsinvestdivtax@linkintime.co.in and investor.relations@ilfsindia.com
- Updating PAN, email address, Bank Account Details and other details
- Shareholders are requested to update their records such as tax residential status, permanent account number (PAN), registered email addresses, mobile numbers, bank account details and other details with Depository Participant, in case shares are held in the electronic form. In case shares are held in physical form, shareholders are requested to submit relevant documents (as mentioned in a communication note) to M/s Link Intime India Private Limited, Unit – IL&FS Investment Managers Limited, C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai 400 083 or scanned copies can be sent only at rnt.helpdesk@linkintime.co.in duly quoting Folio No. / DP Id-Client Id
- To enable the Company to determine the appropriate TDS / withholding tax rate applicable, we request you to provide the required details and documents not later than September 16, 2021. No communication on the tax determination / deduction shall be entertained after September 16, 2021
As per the Income Tax Act, 1961 ("the Act"), as amended by the Finance Act, 2020, dividends paid or distributed by a company on or after April 1, 2020 shall be taxable in the hands of the shareholders. Accordingly, the dividend declared by IL&FS Investment Managers Limited ("the Company") will be taxable in the hands of the shareholders. The Company shall therefore be required to deduct tax at source as per the relevant sections of the Income Tax Act, 1961, at the time of making the payment of the dividend, if approved, at the Annual General Meeting of the Company
A brief of the applicable Tax Deduction at Source ("TDS") provisions under the Act for Resident and Non-Resident shareholder categories is provided below :
Category & TDS Rates
Shareholders are requested to kindly note that :
- All the above referred tax rates shall be duly enhanced by the surcharge and cess, wherever applicable
- The Company is not obligated to apply the beneficial DTAA rates or application of NIL rate at the time of tax deduction / withholding on dividend amounts. The application of beneficial DTAA rates or NIL rate shall depend upon the completeness and satisfactory review of the documents submitted by Link Intime India Private Limited, Registrars and Share Transfer Agent ("RTA") of the Company
- Shareholders holding shares under multiple accounts under different status / category and single PAN, may note that, higher of the tax as applicable to the status in which shares held under a PAN will be considered on their entire holding in different accounts
- Submission of Tax Related Documents:
- Shareholders can download the relevant formats as appended below :
Form No 15H
Form No 15G
Form No 10F
Self-Declaration Form (NRI)
Resident Tax Declaration Form
- Shareholders are requested to send the scanned copies of all the relevant requisite documents mentioned above duly quoting their Folio No. or DP Id-Client Id at : investor.relations@ilfsindia.com and rnt.helpdesk@linkintime.co.in
- Shareholders are requested to send the relevant documents at earliest in order to enable the Company to determine and deduct appropriate TDS / withholding tax rate. It may be further noted that in case the tax on said dividend is deducted at a higher rate in the absence of receipt of the aforementioned details/documents, you would still have the option of claiming refund of the excess tax paid at the time of filing your income tax return by consulting your tax advisor. No claim shall lie against the Company for such taxes deducted. Shareholders will be able to see the credit of TDS in Form 26AS, which can be downloaded from their e-filing account at https://www.incometaxindiaefiling.gov.in/
- Updating PAN:
Shareholders are requested to update their PAN (if not already updated) in order to enable the Company to determine and deduct appropriate TDS / withholding tax rate
- Shareholders holding shares in a physical mode:
In view of the prevailing lockdown due to COVID-19 pandemic, shareholders can get their PAN updated only for the purpose determining Tax on Dividend by submission of scanned copy of the self-attested PAN duly quoting their Folio No. or DP Id-Client Id at : investor.relations@ilfsindia.com and rnt.helpdesk@linkintime.co.in
- Shareholders holding shares in a demat mode can get their PAN updated with their Depository Participant through which Demat Account is held