Received 10% less dividend

I obtained 10% much less dividend from PFC. Any concept why they’ve deducted 10% and find out how to declare that 10%. Thanks prematurely.

Any concept why they’ve deducted 10%

Sure. They’ve deducted the quantity as per the availability of Earnings Tax.

If the quantity being paid exceeds Rs5,000 per 12 months then 10% of the dividend quantity being paid is deducted as per the availability of Part 194 of IT Act.

The quantity so deducted shall be uploaded to your PAN as TDS.You may modify that quantity to pay the Earnings Tax due or in the event you don’t have something payable will probably be refuneded to you after you file your revenue tax return.

It merely signifies that they’ve deducted 10% and paid the identical as advance tax in your identify.

Thanks a ton @GoutamHebbar

how the adjustment is finished ?

We report 100% dividend (tax inclusive) in earnings & then request the ten% tax refund ?

Btw below which heading refund is requested ?

Refund if any is displayed after calculation of whole revenue and tax payable thereon.

Solely in case you have paid extra tax you might be eligible for refund.