I am a Indian Resident, holding Escorts since 2014, brought on the Stock Exchange paying STT.
- Now since this tendering is happening off-market, Does anyone know the Tax implication of submitting shares in this Open Offer?
- Is the 1Lakh LTCG tax free benefit available?
- Also since the offer ends on March 28th 2022, will the tax be applicable in FY2021-22 or next FY22-23 (assuming payment happens after 31st March)?
Really will be helpful if any knowledgeable person share their opinion, thoughts. Thanks in advance.