MohammadMudassarali (STUDENT) (31 Points)
04 July 2018Suppose Mr. A purchased 10 shares of listed company back in a past at Rs. 1500/- each. He received 5 shares as bonus in 01.04.2017. He sold total 15 shares at Rs. 1100/- each.
What will be his tax liability (STACG and LTCG)
What planning he can do.?
Please share your views.
Manish Savani
(Student)
(56 Points)
Replied 04 July 2018
MohammadMudassarali
(STUDENT)
(31 Points)
Replied 04 July 2018
What if not listed?
What amount will be taxabel under the head STCG and what amount will be taxable under the head LTCG?
IS it.
STCG = 5500
LTCG = (4000)
MohammadMudassarali
(STUDENT)
(31 Points)
Replied 04 July 2018
STCG=
(1100*5) - (0*5) = 5500
LTCG
(1100*10) - (1500*10) = (4000)
My calculation is correct?
KOUSHAL JAIN
(Chartered Accountant)
(471 Points)
Replied 04 July 2018
YES MD Mudasaarali you are correct
Cost of Acquisition of Bonus Share = 0 Period of Holding of Bonus Share = From 01/04/2017 to Date of Transfer
STCG = 1100*5 - 0 =5500 if unlisted taxable at 30%
LTCG = 1100*10 - 1500*10 = (4000) if unlisted taxable at 20%
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