Heritage Foods Limited

STATUTORY REPORTS Notice 29 th Annual Report 2020-21 | 51 Sl No Particulars Withholding tax rate Documents required (if any) 1 Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs) 20% (plus applicable surcharge and cess) FPI registration number / certi fi cate 2 Other Non- resident members 20% (plus applicable surcharge and cess) or tax treaty rate whichever is bene fi cial To avail bene fi cial rate of tax treaty following tax documents would be required: i. Tax Residency certi fi cate issued by revenue authority of country of residence of member for the year in which dividend is received ii. PAN iii. Form 10F fi lled & duly signed iv. Self-declaration for non-existence of permanent establish- ment/ fi xed base in India (Note: Application of bene fi cial Tax Treaty Rate shall depend upon the completeness of the documents submitted by the Non- Resident member and review to the satisfaction of the Company) 3 Indian Branch of a Foreign Bank NIL Lower tax deduction certi fi cate u/s 195(3) obtained from Income Tax Authority Self-declaration con fi rming that the income is received on its own account and not on behalf of the Foreign Bank 4 Availability of Lower/NIL tax deduction certi fi cate issued by Income Tax Department u/s 197 of Income Tax Act, 1961 Rate speci fi ed in certi fi cate Lower tax deduction certi fi cate obtained from Income Tax Authority Notes: i. The Company will issue soft copy of the TDS certi fi cate to its members through email registered with the Company / K fi ntech post payment of the dividend. Members will be A. RESIDENT MEMBERS: A.1 Tax Deductible at Source for Resident Members Sl No Particulars Withholding tax rate Documents required (if any) 1 Valid PAN updated in the Company’s Register of Members 10% No document required (if no exemption is sought) 2 No PAN/Valid PAN not updated in the Company’s Register of Members 20% No document required (if no exemption is sought) 3 Availability of lower/nil tax deduction certi fi cate issued by Income Tax Department u/s 197 of Income Tax Act, 1961 Rate speci fi ed in the certi fi cate Lower tax deduction certi fi cate obtained from Income Tax Authority A.2 No Tax Deductible at Source on dividend payment to resident members if the Members submit and register following documents as mentioned below table with the Company / K fi ntech Sl No Particulars Withholding tax rate Documents required (if any) 1 Submission of form 15G/15H NIL Declaration in Form No. 15G (applicable to any person other than a company or a fi rm) / Form 15H (applicable to an Individual who is 60 years and above), ful fi lling certain conditions 2 Members to whom section 194 of the Income Tax,1961 does not apply such as LIC, GIC, etc. NIL Documentary evidence that the said provisions are not applicable 3 Member covered u/s 196 of Income Tax Act, 1961such as Government, RBI, corporations established by Central Act & mutual funds. NIL Documentary evidence for coverage u/s 196 of Income Tax Act, 1961 4 Category I and II Alternative investment Fund NIL SEBI registration certi fi cate to claim bene fi t under section 197A (1F) of Income Tax Act, 1961 5 • Recognised provident funds • Approved superannuation fund • Approved gratuity fund NIL Necessary documentary evidence as per Circular No. 18/2017 issued by Central Board of Direct Taxes(CBDT) 6 National Pension Scheme NIL No TDS as per section 197A (1E) of Income Tax Act, 1961 B. NON-RESIDENT MEMBERS: Withholding tax on dividend payment to non-resident members if the non-resident members submit and register following document as mentioned in the below table with the Company / RTA.