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Petronet Lng Limited ( (IN:PETRONET) ) has provided an update.
Petronet LNG Limited has announced the deduction of tax at source (TDS) on its interim dividend for the financial year 2025-26, declared at Rs. 7 per share. This move aligns with the provisions of the Income Tax Act, 1961, as amended by the Finance Act, 2020, which requires dividend income to be taxable in the hands of shareholders. The company will deduct TDS at varying rates based on the shareholder’s residential status and applicable exemptions, impacting both resident and non-resident shareholders. This announcement is significant for stakeholders as it outlines the tax implications and procedural requirements for receiving dividends, ensuring compliance with the current tax regulations.
More about Petronet Lng Limited
Petronet LNG Limited operates in the energy sector, focusing on the import and processing of liquefied natural gas (LNG) in India. The company manages significant LNG terminals in Dahej, Gujarat, and Kochi, Kerala, serving as a crucial player in India’s energy infrastructure and supply chain.
Average Trading Volume: 275,386
Technical Sentiment Signal: Hold
Current Market Cap: 410.6B INR
Learn more about PETRONET stock on TipRanks’ Stock Analysis page.