https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tax-implications-on-capital-gains-from-selling-hdfc-ltd-shares-after-merger-with-hdfc-bank/article67205386.ece
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Tax Query: What Are the Tax Implications on Capital Gains from Selling HDFC Limited Shares After Merger with HDFC Bank? - BusinessLine
8/26/23 at 2:09pm
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BusinessLine
Author
Sudhakar Sethuraman
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75 words
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Accounting & Auditing Business & Industrial Tax Query HDFC Bank capital loss capital gain HDFC Ltd BusinessLine
Issue of HDFC Ltd shares consequent to merger with HDFC Bank is not taxable. If 336 shares are sold at Rs. ₹1,690, long term capital loss of Rs. ₹91,728 can be set-off against long term capital gain. If sold at Rs. ₹2,500, long term capital gain of Rs. ₹1,80,…
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