11 August 2012
1. In case of shares, if the shares are held for a period of 12 months or more, then they are long term capital asset and LTCG shall arise.
So, in the above case, LTCG will arise on both original shares and bonus shares.
However, since the date of acquisition is different in both the cases, computation shall be done separately.
2. In case of bonus shares cost of acquisition is NIL.
So, LTCG shall be computed as under:
On original shares Sale price Less: Indexed cost of acquisition
On bonus shares whole amount shall be taxable as LTCG.
but i think above criteria for listed in stock exchange, but in our case holding is in non-listed private limited company. there for what is ur opinion.