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bonus shares

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(Querist)
19 December 2007 what is the cost of aquisition of bonus shares
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sangeeta agarwal lhila

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sangeeta agarwal lhila (Querist)
19 December 2007 1
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CA. Vineet Grover

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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
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Ravikumar.G

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

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sangeeta agarwal lhila (Querist)
21 December 2007 Thanks a lot.
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PC-www.bharadwajinstitute.com

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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
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