Income tax: Taxation of shares and fractional shares received on the merger
No tax implications on the merger of HDFC and HDFC Bank. Combined holding period considered for capital gains. Fractional shares taxed at 20% if held for over 12 months, at slab rate if held for less.
DNA News Desk
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No tax implications on the merger of HDFC and HDFC Bank. Combined holding period considered for capital gains. Fractional shares taxed at 20% if held for over 12 months, at slab rate if held for less.
