Easy Office

bonus shares

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 December 2007 what is the cost of aquisition of bonus shares
Profile Image

sangeeta agarwal lhila

Profile Image

sangeeta agarwal lhila (Querist)
19 December 2007 1
Profile Image

CA. Vineet Grover

Profile Image

CA. Vineet Grover (Expert)
19 December 2007 Hi Sangeeta,

If bonus shares are alloted before 1st Apr'81: The cost if acquisition shall be the FMV as that date
If bonus shares are alloted after 1st Apr'81: Cost of acqusition is Nil

Rgds/
Vineet
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Ravikumar.G

Profile Image

Ravikumar.G (Expert)
19 December 2007 No cost of acquisition the entire amount sold will be coming under Capital Gain Net.
Profile Image

sangeeta agarwal lhila

Profile Image

sangeeta agarwal lhila (Querist)
21 December 2007 Thanks a lot.
Profile Image

PC-www.bharadwajinstitute.com

Profile Image

PC-www.bharadwajinstitute.com (Expert)
28 June 2008 IF the shares are acuired before 1-4-81....take the FMV AS ON 1-4-81

and if it is after 1-4-81....COA will be nil

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


easyoffice CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links