Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 293

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 293
---
 disposition to the U.S. holder,
taxed as described immediately above.

<div align='center'>168</div>

Backup Withholding and Information Reporting

In general, payments made
within the U.S., or by a U.S. payor or U.S. middleman, of dividends on, and proceeds arising from the sale or other taxable disposition
of the common shares or Series A Warrants generally may be subject to information reporting requirements, unless an exemption applies.
Backup withholding may apply to amounts subject to information reporting if, in general, the applicable U.S. holder fails to provide an
accurate taxpayer identification number (generally on Form W-9), or is described in certain other categories of persons, including any
person notified by the IRS that such U.S. holder has previously failed to properly report items subject to backup withholding tax . However,
certain exempt persons, such as U.S. holders that are corporations, generally are excluded from these information reporting and backup
withholding tax rules. Backup withholding is not an additional tax. U.S. holders can claim a credit against their U.S. federal income
tax liability for the amount of any backup withholding and a refund of any excess, provided that all required information is timely provided
to the IRS. U.S. holders should consult their own tax advisors as to their qualification for exemption from backup withholding and the
procedure for establishing an exemption in light of their particular circumstances.

Certain U.S. holders holding
specified foreign financial assets with an aggregate value in excess of the applicable dollar thresholds are required to report information
to the IRS relating to Company common shares and Series A Warrants, subject to certain exceptions (including an exception for shares held
in accounts maintained by U.S. financial institutions), on IRS Form 8938 for each year in which they hold Company common shares and Series
A Warrants. Substantial penalties apply to any failure to timely file IRS Form 8938 with such holder’s U.S. federal income tax return
unless the failure is shown to be due to reasonable cause and not willful neglect. Also, in the event a U.S. holder does not file IRS
Form 8938 or fails to report a specified foreign financial asset that is required to be reported, the statute of limitations on the assessment
and collection of U.S. federal income taxes of such U.S. holder for the related taxable year may not close before the date which is three
years after the date on which the required information is filed. U.S. holders should