For Foreign Shares, Is Cash Consideration of Acquisition treated as Dividend income in India?

Income Tax Income from Salary
1

I own a few shares of VMW which will undergo acquisition on the 30th of October. Post the acquisition half shares will get converted to the acquired company AVGO and the remaining half is paid out at 142.5$ per share of VMW.

Is this cash component treated as dividend income in India? Or it is treated as Capital Gain/Loss?

2

Hey @vigneshpai,

The cash component will be treated as capital gains/losses.