Do we need to pay deemed dividend tax as per the tax slab for the dividend cash we have not received due to cancellation of tata motors DVR stocks?

Stocks
1

I received EMAIL from TATA Motors that 10% TDS deducted for Rs 200.63 * No. of AOS

  1. Do we need to pay deemed dividend tax as per the tax slab for the dividend cash we have not received (Rs 200.63 * No. of AOS) due to cancellation of tata motors DVR stocks?

In the email, Cost of Acquisition is marked as Rs 1111.35 per share for TATA MOTORS NOS

But KITE console shows cost of acquisition of newly received TATA Motors as per cost at the time of buying TATA motors DVR.

  1. Do we need to pay capital gain tax if we prefer to hold the newly issued tata motors shared ?
2

You can check out this article for better understanding.

Yes.

(Deemed dividend per share * No.of DVR shares previously held)

Yes,

Capital gains will be = { (1111.35 * no of ordinary shares issued) - Cost of acquisition of old DVR shares - Deemed divided }

PS:
You can also check out this example

1 Like
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then why ZERODHA KITE is not showing cost of TATA motors shares as Rs 1111.35 ? @ShubhS9 @Tradingqna

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Checking this.

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Any update on this ? @ShubhS9