Company: INFY
Filing Date: 2025-10-21
Form Type: SC TO-C
Source: 0001193125-25-245101
Chunk: 78

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 78
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 shareholders may also submit declaration or document specifying the provisions of IT Act to claim a lower / nil tax deducted at source. Shareholders may also provide a Lower Tax Deduction Certificate (LTDC) certificate issued by the Income Tax Department under Section 197 or any other section of the IT Act, which authorizes company to deduct TDS at a lower rate instead of the standard prescribed rate under IT Act. For non-residentshareholders, income tax is required to be withheld (WHT) from consideration of buyback in accordance with the provisions of Section 195 or Section 196D or any other applicable sections of the Income Tax Act, as dividend. The current withholding tax is 20% (plus applicable surcharge and cess as below) or as notified by the GOI. Non-residentshareholders may also provide a Lower Tax Deduction Certificate (LTDC) certificate issued by the Income Tax Department under Section 195 or any other section of the IT Act, which authorizes company to deduct WHT at a lower rate instead of the standard prescribed rate under IT Act. However, as per Section 90 of the IT Act, non-residentshareholders can avail the provisions of the certain Double Tax Avoidance Agreement (DTAA) provided they satisfy conditions such as non-applicabilityof the General Anti-Avoidance Rule (“ GAAR”), read with Multilateral Instrument (MLI), between India and the country of tax residence of the shareholders, if such DTAA has beneficial provisions with respect to buyback consideration which are considered payable as dividend and shareholders fulfill all requirements of DTAA. For this purpose, i.e., to avail the benefits under the DTAA read with MLI, non-residentshareholders will have to provide all the following documents:

| • |     | Copy of the PAN card allotted by the Indian income tax authorities duly attested by the shareholders or details 
 as prescribed under rule 37BC of the Income-tax Rules, 1962 in absence of PAN Card.                             |

| • |     | Copy of the Tax Residency Certificate for financial year 2025-26 obtained                                               
 from the revenue or tax authorities of the country of tax residence, duly attested by shareholders/authorized signatory |

61

DRAFT—SUBJECT TO COMPLETION

| • |     | Electronic Form 10F as per notification no. 03/2022 dated July 16, 2022 issued by the Central Board of                              
 Direct Tax. Notification can be read under -notification-no-3