GAIL Board to Meet for Interim Dividend; Record Date, Tax Rules Announced
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Moneycontrol•27-01-2026, 15:21
GAIL Board to Meet for Interim Dividend; Record Date, Tax Rules Announced
- •GAIL's Board of Directors will convene on January 31, 2026, to consider an interim dividend for FY2025-26.
- •February 5, 2026, is the record date for dividend eligibility; payment will be made electronically within 30 days of approval.
- •Dividends are taxable, and GAIL will deduct TDS based on shareholder residency and category.
- •Resident shareholders with a valid PAN face a 10% TDS, while those without a valid PAN face 20%. No TDS if dividend is less than ₹10,000 for resident individuals.
- •Non-resident shareholders, including FIIs/FPIs, will have TDS applied at 20% plus surcharge/cess or the beneficial tax treaty rate, requiring specific documentation.
Why It Matters: GAIL announced its interim dividend record date and detailed tax deduction rules for shareholders.
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