Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 292

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 292
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 the dividend
is distributed, whether or not the currency is converted into U.S. dollars at that time. A U.S. holder’s tax basis in the non-U.S.
currency will equal the U.S. dollar amount included in income. Any gain or loss realized on a subsequent conversion or other disposition
of the non-U.S. currency for a different U.S. dollar amount generally will be U.S. source ordinary income or loss. If dividends paid in
a currency other than U.S. dollars are converted into U.S. dollars on the day they are distributed, a U.S. holder generally will not be
required to recognize foreign currency gain or loss in respect of the dividend income. Each U.S. holder should consult its own U.S. tax
advisor regarding the U.S. federal income tax consequences of receiving, owning, and disposing of foreign currency in light of its own
circumstances.

A U.S. holder must include
any tax withheld from a dividend payment in this gross amount even though they do not in fact receive such withheld tax. Generally, an
election to deduct foreign taxes instead of claiming foreign tax credits applies to all foreign taxes paid or accrued in the taxable year.
Special rules apply in determining the foreign tax credit limitation with respect to dividends that are subject to preferential tax rates
for qualified dividend income. The rules governing foreign tax credits are complex and involve the application of rules that depend on
a U.S. holder’s particular circumstances. Accordingly, U.S. holders are urged to consult their own tax advisers regarding the creditability
of foreign taxes in light of their particular circumstances.

Sales or Other Dispositions of Company Common Shares or Series A Warrants

A U.S. holder generally will
recognize capital gain or loss on the sale or other disposition of Company common shares or Series A Warrants in an amount equal to the
difference between the U.S. dollar value of the amount realized and the U.S. holder’s adjusted tax basis in the Company common shares
or Series A Warrants disposed. Any gain or loss generally will be treated as arising from U.S. sources and will be long-term capital gain
or loss if the U.S. holder’s holding period exceeds one year. Preferential tax rates may apply to long-term capital gains of non-corporate
U.S. holders (including individuals). Deductions for capital loss are subject to significant limitations.

If the Company purchases
Series A Warrants in an open market transaction, such purchase generally will be treated as a taxable