Indian Oil Corporation Limited (IOC) — Board Meeting | 15 July 2026

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📢 Key Event
IOC mandates Form 121 submission for dividend TDS exemption by August 16

🔄 What Changed
New TDS compliance requirements for dividend payments under Section 393(1) and Rule 203

🔮 What's Next
Deadline of August 16 for Form 121 submissions

💡 Investor Takeaway
Shareholders must file Form 121 with PAN to avoid 20% TDS on dividend income

Indian Oil Corporation announced TDS rules for its 2025-26 final dividend of ₹1.25 per share, requiring resident shareholders to submit Form 121 with PAN by August 16 to claim exemption up to ₹10,000, while non-residents face 20% withholding unless they provide tax residency certificates and indemnify the company for treaty benefit risks.

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About Indian Oil Corporation Limited (IOC)

Oil Gas & Consumable Fuels · Petroleum Products · Listed on NSE

Market Cap: ₹1,89,902.41 Cr P/E: 17.4

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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