Lumax Industries informs shareholders about TDS on dividends for FY 2024-25 in compliance with tax regulations. Read the official notice.
Lumax Industries Issues TDS Intimation on Dividend for FY 2024–25
New Delhi, July 4, 2025 – Lumax Industries Ltd (BSE: 517206), one of the prominent players in the Indian automotive lamp industry, has formally notified its shareholders about the deduction at source (TDS) of tax on dividend announced for the financial year 2024–25. This notification, given in compliance with regulatory requirements under the Income Tax Act, 1961, highlights the urgency of timely filing of documents to prevent enhanced TDS rates.
The official notice was published on July 3, 2025, by the Bombay Stock Exchange (BSE) in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015. The report gives details of the procedural requirements and statutory commitments shareholders need to make to enable proper TDS treatment on their dividend distributions.
What Shareholders Need to Know
Dividends paid by Indian companies are deductible to tax at source under Section 194 of the Income Tax Act, according to the company. This implies that tax must be deducted by Lumax Industries before its payment into eligible shareholders’ accounts.
Key Highlights from the Announcement:
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- Dividend Distribution for FY 2024–25: The company has planned a dividend payout for the fiscal year, which will be processed only after deducting applicable TDS.
- Submission Deadline for Tax Declarations: Shareholders are urged to submit valid tax declaration forms (such as Form 15G/15H) if they are eligible for TDS exemption.
- Online Portal Access: Lumax has provided an online portal where shareholders can upload the required documentation, including PAN, residency certificates, and other statutory forms.
- Higher TDS for Non-Compliant Shareholders: If the requisite documents are not submitted before the deadline, the company will deduct TDS at a higher rate as per Section 206AA or 206AB of the Act.
Where to Access the Official Communication
The detailed notice is accessible on the BSE website, along with an attachment (PDF) containing all guidelines and FAQs. Shareholders are encouraged to read it carefully and act promptly.
Attachment Link: Download PDF (Approx. 2.9 MB)
About Lumax Industries Ltd
Lumax Industries Ltd, which belongs to the DK Jain Group, is a renowned automobile lighting solution manufacturer in India. The firm has multiple leading automobile manufacturers as its customers and hence contributes significantly to the automotive components industry. In the decades gone by, Lumax established itself as a name people trusted in innovation, technology, and customer satisfaction.
Expert View
Tax professionals advise that investors move fast so that they don’t need to make unnecessary deductions. “Numerous investors underestimate dividend taxation until it is too late,” states Anjali Mehta, a SEBI-approved tax consultant. “If you qualify for lower or zero TDS, filing your declaration timely is important.”
Actionable Steps for Shareholders
- Check Your Eligibility – Review whether you qualify for lower or zero TDS.
- Submit Required Forms – Use Form 15G/15H or a valid certificate of lower deduction.
- Upload via Designated Portal – Ensure your documents are uploaded before the cut-off date.
- Verify PAN & Residency Status – Mismatched or missing PANs will trigger higher TDS rates.
