Taxability of purchase consideration


(Guest)

Hi i got a doubt. If two companies called A ltd. and BLtd. merge together as AB ltd.The share holders of A ltd. are issued 5 ety shares for 1 ety. share held by them in A ltd. and any fractional amount ll be paid to the shareholders in cash. My doubt is that this fractional amount which is given in cash, will it be taxable in the hands of share holders as Capital gains or income from other sources? is it taxable under any head?Please Explain.........