In theory all 3 taxes - Dividend tax, STCG, LTCG are applicable for those who had DVR shares and opted for it to be converted.
However, the calculations involved are little complex, depending on your purchase date, qty, Deemed Dividend concept, TDS deduction by Tata Motors on the Deemed Dividend amount, potential offset of some LTCG against the same, deduction of STCG etc. I would suggest you download the sample tax calculator that they had issued before the conversion. Plug-in your numbers and change the value of Deemed Dividend as per the latest value they published after conversion…you will get all the answers.
If you are still confused, just contact your CA.
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