Will this TDS & capital gain will directly come to my form 16.
Hi All,
I have a clarification. Could you please clear me on this?
I bought 20 TATAMTRDVR shares at 281.92 i.e Total invested Amount 5638.40
As on 29-Aug-2024 the share value is 768.65 so the current profit alone is 9734.6
Total (Invested + Profit) is 15,373.00
So, as per the statement: For every 10 TATAMTRDVR shares we will get 7 TATAMOTORS shares which means a total of 14 shared will be credited. I see a total of 14 is also credited to my zerodha account. However it shows the discrepancies. Should I do anything?
Now, how that 14 shares will be calculated and added to TATAMOTORS?
What about my Invested + Profit money in TATAMTRDVR?
It is very crucial to know about it, because, I seeaa lot more similar things with Zerodha why is that? but with AngelOne demat account, I am not seeing these kind of issues it works like a charm in-case of Corporate actions.
Thank you.
Hi I had 1472 DVR shares, As per the excel calculation shared by Tata motors, I was supposed to receive 1001 shares but I received 999 shares only. Can anyone help. Thanks.
Hi All,
I am an NRI and had 500 DVR shares I purchased 6 years ago. I have only received 233 Tata Motors shares and was expecting 298 as per the spreadsheet calcualtion. Any thoughts�
Why is Zerodha showing newly credited TATAMOTORS as long term holding. As per the excel sheet we are selling DVR paying tax on dividend and capital gains. So isnât this new purchase? Also purchase price seem way too low Rs.500.75
You are correct.
This will be treated as a new purchase, and if Iâm not wrong, the new period of holding will start from 30th Aug 2024.
Regarding the purchase price, the closing price of TML on the last trading session (i.e., 30th Aug) which recorded the highest volume, will be considered as the new cost of acquisition for the ordinary shares issued under the scheme.
So the new purchase price should be around âš1,100.
I think it will be updated
I got Tata Motor shares , but it is given based on the invested money in TATAMTRDVR and profit amount of TATAMTRDVR is missing. I didnât get any Tata Motor shares based on profit amount of TATAMTRDVR and not even it is credited in funds. What will happen to my profit amount with TATAMTRDVR?
The RTA has sent an email to shareholders with detailed calculations related to cash credit, taxation, and capital gains.
Please search for the email with the subject:
Tata Motors Limited - Intimation regarding credit of New Ordinary Shares pursuant to the Scheme of Arrangement.
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I had 570 DVR shares. I have received 386 shares of Tata Motors and âš781 (which is fine, I understood how the TDS was calculated and verified it).
Of these, 500 shares were purchased before Sep 2023 (Long Term), and 70 shares after Sep 2023 (Short Term). Tata Motorsâ email says all the DVR shares were considered as Short Term assets.
Now my questions as following, from a tax computation perspective:
- Can I split the Capital Gain and the Deemed Dividend into Long Term and Short Term Gains?
- Should I consider the DVR shares as a Sale transaction, and the new Tata Motors shares as a Buy transaction? If so, what should be the transaction dates for these?
- What kind of income is that âš781 credited to my bank account?
- If/when in future, I sell those new Tata Motors shares, what purchase price should I consider to calculate the Capital Gain? Is it the âš1111.35 mentioned as cost of acquisition in Tata Motors email?
Hi, I had Tata Motors DVR shares that were recently converted at a price of âš971.70. Can someone explain how this conversion price is calculated?"
The buy average is updated after accounting for TDS deduction. Initially, you received shares after the TDS was deducted. For example, if you held 100 shares and was entitled to receive 70 shares, with a total investment of Rs 20,000 before the merger, the value per share would be calculated as 20,000/70 = 285.71. However, since the shares were received after TDS deductionâletâs say the client received 68 sharesâthe average price will still be shown as 285.71.
You might expect the average price to be recalculated as 20,000/68, but that would alter the invested value, which isnât feasible. In such cases, itâs advisable to consult your CA. They can make the necessary adjustments while filing taxes but may need to provide clarification during scrutiny.
Hello & Thanks for all updates about this TML-DVR merger.
However, though I got all the NOS shares credit as per the Calclns, & the mail from TML with the statement for the Conversion, Deemed Dividend & TDS thereof (+July 24 dividend), The final excess money Payout was reduced by about 30% - though as an Domestic individual investor. The TDS being Rs.621/-, 1 NOS share was used for funding this TDS (price per NOS share being 1111.35, the balance of Rs. 490.35 should be payable, while only Rs. 346.02 was credited - a discrepancy of Rs. 144.33 (29.43% deducted). How this payout amount of Rs. 346.02 is arrived at is not explained anywhere. Any emails to TML Or RTA has seen NO Response.
Thanks for any clarifications.
I am wondering how this image has come up here.
Thanks
Further to my Query, I have reached out to MUFG-Intime (RTA for TML) & they have responded as under:
"Please note that the shares were sold at 969.7439 for funding the TDS obligation and not at 1111.35.
Further, we may inform you that the Tata Motors A Ordinary Shares were officially cancelled as per the Scheme of Arrangement, effective September 1, 2024. New ordinary shares were allotted to the TML Securities Trust, and on September 17, 2024, a portion of these shares was sold by the Trust to meet tax deduction at source (TDS) obligations. New ordinary shares were credited to shareholders demat accounts starting September 21, 2024. The allocation of shares is subject to TDS as per applicable regulations, and after deducting the relevant taxes, the net quantity of shares has been credited to your account."
So while DVR Shares were cancelled on 01Sep with TML-NOS shares at 1111.35 - The TDS obligation Sell happened on 17-Sep, & these NOS shares credited on 21Sep+.
The amounts relevant to this period was lying with TML??? - by which time value of shares dropped (who made Money in the process???).
CDSL mails indicate DVR Debit on 04-Sep and TML Credit on 24-Sep - of 2024.