The specifics of the merger remain uncertain, and the tax implications may vary based on the company's approach to structuring the merger. We will need to wait for further updates from the company, which will notify us once more information becomes available. In this video, I reference the HDFC merger and the conditions it fulfilled. A merger or swap can be tax neutral if it meets specific criteria. To qualify for this tax-neutral benefit, the merger must satisfy the following conditions: first, all assets and liabilities of the amalgamating company must be transferred to the amalgamated company. Second, at least 75% of the shareholders (by value) of the amalgamating company must become shareholders of the amalgamated company.
Bought 50 IDFC shares @ 126 rupees and sold few days back @ 110 rupees due to avoid tax issues. Now bought 30 IDFC First Bank shares only. Now got clarified thanks Boosan ❤
Tata considered cost of acquisition of tata motor dvr as ZERO and calculated the total value as profit and detected 31.20 % TDS. It could have been avoided by submitting the cost of acquisition details to tata which was not properly communicated.
Hi Brother, I am also NRI and cost of acquisition is taken as zero which leads big loss for me. Btw, could you please share me in details how can this be avoided for better understanding? Also, any chances to get back via IT return submission?
@@manikandangunasekaran1563 it was not communicated to share the cost of acquisition to Tata for tax calculation. But, if you watch the tax explanation video in Tata mail. He mentioned TDs was calculated based cas report shared by investor like that... Also they calculated as STCG and TDS detected. So, I decided to sell IDFC share and buy First after merger...
before the merger, my average purchase price was ₹334.43 per share for 160 shares, with a total investment of ₹53,508.80. Based on this, I expected to receive 108 Tata Motors shares at an average price of ₹490.61 per share. However, the average price post-merger is ₹971.80 per share. Could you please clarify the difference in the amount and the change in the average price of the shares?
Already IDFc 2000 Loss luckily na 765 Add pannan now 800 vechierukan Average 116 Persua Profit Ella I'm just going hold and add after I get IDFC First bank
வணக்கம் ஐயா..எஸ் ஐ பில் ஆட்டோ கேன்ஸ்லேஷன் ஆன சிப் பன்னுவது ஏப்படி மற்றும் பழைய வங்கி கணக்கு பதிலாக புதிய வங்கி கணக்கு சேர்பது எப்படி? புதிய வங்கி கணக்கில் பழைய எஸ் ஐ பி ஆட்டோ பே செய்வது எப்படி என்பதை விளக்கவும் ஐயா
As a nri i lost nearly 50000, due to all taxation and other things. As i dont want to take risk this time I sold all idfc and bought idfc first shares today..more or less i got same amount of shares which i might get after demerger.
Bro currently most of the mutual funds have stopped collecting funds for overseas market investing. Currently in which mutual fund do you invest for the exposure of overseas and found reasonably charged expense ratio?
Tata motors share price is 1111.35 taken for consideration during merger. So, the new share credited in portfolio should reflect the buying price as 1111.35?
@@krishnarajr1532You will get 15 IDFC first bank shares after merger. That is, your 10 IDFC shares will be converted to 15 First Bank shares (1 IDFC = 1.55 First Bank). Remaining 0.5 First Bank share amount will be sent to your bank account (35-36 rs)
Thats not big deal just go and file ur income tax and if ur income is less than basic exemption limit , then ur tds would have not adjustment in net tax payable(If incase u occur a tax payable scenerio , then total tax payable would be adjusted with your tds ) if incase u have surplus tds credit , it would be deposited into your account ... BETTER ASK CA or a CA Student who pursues articleship for better understanding
Useful stuff at the right time..❤✅️ Seems merger is very scary if we dont have knowledge of what it does... I have one doubt bro. The price range will be depend on IDFC bank share rate only know..
22800 idfcbank 200 share 23250 idfc. 310 share 200share profit 450 only 1 lakh investment your are get only 1899 get bro after tax I am don't know how much tax ?
Join Learner's Community : th-cam.com/channels/mfl6VteCu880D8Txl4vEag.htmljoin
Official Website - Courses & Learning Materials : www.financeboosan.in
The specifics of the merger remain uncertain, and the tax implications may vary based on the company's approach to structuring the merger. We will need to wait for further updates from the company, which will notify us once more information becomes available. In this video, I reference the HDFC merger and the conditions it fulfilled.
A merger or swap can be tax neutral if it meets specific criteria. To qualify for this tax-neutral benefit, the merger must satisfy the following conditions: first, all assets and liabilities of the amalgamating company must be transferred to the amalgamated company. Second, at least 75% of the shareholders (by value) of the amalgamating company must become shareholders of the amalgamated company.
I bought 100 shares today IDFC possible for 55 IDFC First?
Bro own 10 share of idfc is change to arbitrage is profit or loss give answer
@@finance.boosan 👍
Bought 50 IDFC shares @ 126 rupees and sold few days back @ 110 rupees due to avoid tax issues. Now bought 30 IDFC First Bank shares only. Now got clarified thanks Boosan ❤
40 × 1.55 = 62 shares
Today Sold IDFC and bought First Bank to avoid arbitrage confusion
Ada Paavame
@@Nantha_Mahi 😀
Same
Tata Motors DVR merger not a big loss for small investors. Whatever tds deducted can be claimed in their returns
How sir
How?
Content is great as always. However its funny to see you have reduced the playback speed of the video because some found it a bit hard to grasp.
00:03:54 Important info
Tata considered cost of acquisition of tata motor dvr as ZERO and calculated the total value as profit and detected 31.20 % TDS. It could have been avoided by submitting the cost of acquisition details to tata which was not properly communicated.
Hi Brother, I am also NRI and cost of acquisition is taken as zero which leads big loss for me. Btw, could you please share me in details how can this be avoided for better understanding? Also, any chances to get back via IT return submission?
@@manikandangunasekaran1563 Yes, we can get difference amount refunded during filing.
@@manikandangunasekaran1563 it was not communicated to share the cost of acquisition to Tata for tax calculation. But, if you watch the tax explanation video in Tata mail. He mentioned TDs was calculated based cas report shared by investor like that... Also they calculated as STCG and TDS detected. So, I decided to sell IDFC share and buy First after merger...
@@sankarvaidyanathan1120 thanks for your reply and the details. good decision to sell IDFC 👍
before the merger, my average purchase price was ₹334.43 per share for 160 shares, with a total investment of ₹53,508.80. Based on this, I expected to receive 108 Tata Motors shares at an average price of ₹490.61 per share. However, the average price post-merger is ₹971.80 per share.
Could you please clarify the difference in the amount and the change in the average price of the shares?
Thanks for the detailed video. And my question was also covered.❤
SGB pathi current situation solunga bro... Will it gonna be continued or discontinued
Already IDFc 2000 Loss luckily na 765 Add pannan now 800 vechierukan
Average 116 Persua Profit Ella I'm just going hold and add after I get IDFC First bank
00:00:59 Nastapadala. But didnt expect the taxation. Anyway, we can claim the TDS la.
Going forward I would expect it.
Going forward you should pay tax... paying tax and earning more is first step of becoming rich....
@@hemachandran08 sir, they can deduct TDS even if your annual income is less than the tax threshold if you don't provide 15G. So posted on that angle
@@xnivaxhzne file ITR and claim refund
I had 100 IDFC bank but I didn't receive IDFC first bank after merger. When will it be added?
Same here ! Let me know when you got
Same here..I too haven't received yet.
Message here if anyone gets news on this please..
Same
Thanks for the clarification on tax
வணக்கம் ஐயா..எஸ் ஐ பில் ஆட்டோ கேன்ஸ்லேஷன் ஆன சிப் பன்னுவது ஏப்படி மற்றும் பழைய வங்கி கணக்கு பதிலாக புதிய வங்கி கணக்கு சேர்பது எப்படி? புதிய வங்கி கணக்கில் பழைய எஸ் ஐ பி ஆட்டோ பே செய்வது எப்படி என்பதை விளக்கவும் ஐயா
Aama sir naan average price 126 ku 155shares vaichu irruken Naa share market la panna mistake la iithum onnu 😢
Don't buy any share in one day
கடைசி வரைக்கும் Nps video பேடால ji i will ask many time 😢😢..
NPS waste ba.. don't consider it as investment
Idfc bank shares not credited for IDFC, what I do
Hi sir till now my tata motor dvr shares not credited as ordinary tata motors shares.what can I do?
As a nri i lost nearly 50000, due to all taxation and other things. As i dont want to take risk this time I sold all idfc and bought idfc first shares today..more or less i got same amount of shares which i might get after demerger.
Same blood😢
My IDFC shares debited ....but IDFC first bank shares not credited !
Sorry I got confused, we can still have time till October 10 right!?
Yes, consider buying Oct 9 or Oct 8 itself bcos Oct 10 could be govt holiday
If there is no taxation, then what will be the avg price for the 155 First bank shares?
Ji fraction share amount credit ayduchu Tata motor share credit panla
Etf vs mutual funds dividend pathi sollunga bro
Bro currently most of the mutual funds have stopped collecting funds for overseas market investing. Currently in which mutual fund do you invest for the exposure of overseas and found reasonably charged expense ratio?
If you look for short term, you'll lose everything.
Long term is King 👑
PS: I'm saying those greed retailers, not the swing traders
Dvr 30 2:46 share க்கு 7 ஷேர் தான் வந்து
Thank you bro ❤️ 🎉
Bro. En kitta IDFC FIRST BANK 30 No's erukku. Eyanakku yathuvum kitaikuma. 😮
No
Can i buy idfc first bank shares now?
consider idfc ltd because 2% discount than idfc first bank
Thanq@@praveenkutty8537
Hi Boosan, can you help which app and NRI can use to invest in direct mutual funds
Govt requires more money....
Will there be any advantage of Idfc first bank share holders?
When is the last date to buy IDFC.. is it 10th October or 1st October?
Tata motors share price is 1111.35 taken for consideration during merger. So, the new share credited in portfolio should reflect the buying price as 1111.35?
What is your average price bro
Booshan sir Tomorrow idfc ltd share vanguna eligible aaguma merger offer...
Bro what will happens to the share price of idfc frist bank. will it stay at the price or will it fall from 74 Rs to below
Na tata motors dvr 1 share tha vachiruntha. I bought at 650rs. Antha cash vanthurukuma. Bank account la varuma. Trading account ah
Bank account
You are true tata dvr share I burned my fingers
Bro i have 10 idfc LTD shares can i get bonus shares...
I have 40 IDFC can any one tell how many IDFC FIRST BANK I receive?
I have only 10 share ena agum yarachum solunga
@@krishnarajr1532for 40 u may get 62 IDFC First Bank shares. For 10 u may get 15 shares of IDFC First Bank shares.
@@krishnarajr1532You will get 15 IDFC first bank shares after merger. That is, your 10 IDFC shares will be converted to 15 First Bank shares (1 IDFC = 1.55 First Bank). Remaining 0.5 First Bank share amount will be sent to your bank account (35-36 rs)
40*1.55=62 shares
@@krishnarajr1532 10*1.55=15.5, You will get 15 shares and .5 fractional share will get credited to your bank
If tomorrow I buy 100 shares of idfc ltd then will I get 155 shares of idfc bank ?
Yes - if you hold it till record date.
How to claim tds
Thats not big deal just go and file ur income tax and if ur income is less than basic exemption limit , then ur tds would have not adjustment in net tax payable(If incase u occur a tax payable scenerio , then total tax payable would be adjusted with your tds ) if incase u have surplus tds credit , it would be deposited into your account ...
BETTER ASK CA or a CA Student who pursues articleship for better understanding
Useful stuff at the right time..❤✅️
Seems merger is very scary if we dont have knowledge of what it does...
I have one doubt bro. The price range will be depend on IDFC bank share rate only know..
First ❤
❤❤❤❤❤
Bro i have 100 idfc share but till now I'm not received any idfc first bank share if any one saw this comment means plz give me a ansr 😢
You will get 155 idfc first bank share at the end of this month
Ifdc share multiple of 20 ya iruntha kutha fractional share varathu
10= 15.5
20= 31
40 = 62
80 =124
F&o
22800 idfcbank 200 share
23250 idfc. 310 share
200share profit 450 only 1 lakh investment your are get only 1899 get bro after tax I am don't know how much tax ?
❤❤❤