ITC Dividend for Pledged Shares at Zerodha

[Pratist]

The procedure explained in the following post shall also apply in case of pledged shares:

Ajustment of TDS on LIQUID BEES DIVIDEND for units pledged

The AMC is going to deduct a 10% TDS and then payout the dividend to us since the units are lying in the broker’s account. The TDS will be filed against our PAN. We will inturn give credit of the dividend received in the form of units to our customers and then file the TDS credit against the customer’s PAN on a quarterly basis. TDS credit to the extent of 10% will reflect in the 26AS of the assessee to whom the liquid bees units are credited This is only till the new pledge process comes into …