I received UNION BANK OF INDIA shares after the merger of Andhra Bank & Corporation Bank. I want to clarify the following to calculate the STCG / LTCG.
1. Record Date : 23-03-2020 (Opening Price 28.75 (BSE) and 27.15 (NSE)
2. Allotment Date : 01-04-2020 (Opening Price 29.9 (BSE) and 29.2 (NSE)
3. Actual Allotment Date :16-04-2020 (I received the shares in my Demat A/c on this day)
I would like to know whether the Record Date(1), Allotment Date(2) or Actual Allotment Date(3) should be considered for calculating STCG / LTCG.
Which price to consider? BSE or NSE?.
Finally, I have incurred expenses on buying of Andhra Bank. Can I use the same expenses for Union Bank of India?
CAclubindia
