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Capital gain on merger
I purchased some equity of Shasun Pharma on march 2015. Shasun pharma merged with Stride arcolab w.e.f 19/11/15. I received 51 share of stride arcolab and Rs. 894.00 to my bank on 03/02/16. What will be the tax treatment for f.y. 2015-2016?
Replies (2)
What is nature of money received (894)?
For 16 share of shasun pharma 5 share of stride alloted. So, after allotting 51 in that ratio, the rest which is bellow 16 no. equity of shasun pharma, vallued rs. 894, refunded.
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