HB Portfolio Limited recently communicated to shareholders about the interim dividend of Rs. 1.25 per equity share declared earlier.

This communication outlines the process for tax deduction at source (TDS) on this dividend.

Shareholders must submit necessary documents by August 26 to ensure appropriate tax treatment, which could include lower TDS rates or exemptions based on their residency and category.

Failure to provide valid documents may result in a higher 20% TDS, with no revision possible by the company.

Shareholders can claim any eligible refund directly from the Income Tax Department.