Mumbai, India |Mahindra & Mahindra Ltd. (M&M) has issued a significant update for its shareholders regarding the Tax Deduction at Source (TDS) process on dividend income for the Financial Year 2025-26, announcing that Form 121 will be the only valid document accepted for claiming exemption from dividend-related TDS.
The company disclosed the clarification through public notices published on June 13, 2026, in leading newspapers, including Business Standard and Sakal, while also making the information available on its official website.
Form 15G and Form 15H No Longer Valid
According to M&M, recent provisions under the Income-tax Act, 2025 require eligible shareholders seeking non-deduction of TDS on dividend income to submit Form 121. As a result, the traditionally used Form 15G and Form 15H will no longer be considered for dividend TDS calculations for the financial year ending March 31, 2026.
The company emphasized that shareholders relying on these older forms must now comply with the updated requirements to avoid unnecessary tax deductions on their dividend earnings.
June 26 Deadline for Submission
Mahindra & Mahindra has set June 26, 2026, as the final deadline for eligible investors to submit Form 121 and claim exemption from TDS on dividend payments.
The company further advised shareholders who may have already submitted Form 15G or Form 15H to submit Form 121 before the deadline to ensure accurate processing of their dividend-related tax calculations.
Investor Awareness Initiative
To ensure investors are fully informed, the company published the clarification through newspaper advertisements in:
- Business Standard (English)
- Sakal (Marathi)
The notice has also been uploaded to the company’s official website, allowing shareholders easy access to the updated compliance requirements.
Support for Shareholders
For questions related to Form 121 submission, dividend payments, or TDS-related concerns, shareholders can contact the company’s registrar and transfer agent, KFin Technologies, through its investor support email.
The latest announcement highlights the importance of staying updated with changing tax regulations, as failure to submit the correct documentation could result in TDS being deducted from dividend income, even for otherwise eligible investors.
Key Takeaways
- Only Form 121 will be accepted for dividend TDS exemption for FY 2025-26.
- Forms 15G and 15H are no longer valid for dividend TDS calculations.
- June 26, 2026 is the submission deadline.
- Shareholders who already submitted Form 15G or 15H must also file Form 121.
- Investors can seek assistance through KFin Technologies for any related queries.
The clarification is expected to impact thousands of shareholders and serves as a reminder to complete the required documentation before the deadline to avoid unnecessary tax deductions on dividend income.
