capital gain on Stock-Split
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2010
An investor holds shares of a listed company over past two years.
In July 2010 company splits a share of face value Rs 10 into 5 sahres of F.V. Rs 2 each. Queries are-
1) if the investor sells the shares in Sept 2010- weather it is Long Term or Short Term Capital Gain
2)What is the date of aquisition and what is cost of aquisition
An investor holds shares of a listed company over past two years.
In July 2010 company splits a share of face value Rs 10 into 5 sahres of F.V. Rs 2 each. Queries are-
1) if the investor sells the shares in Sept 2010- weather it is Long Term or Short Term Capital Gain
2)What is the date of aquisition and what is cost of aquisition
CA Amit Joshi
(Expert)
07 October 2010
It is LTCG.
Date of Acquisition is the date of past 2 years and cost also in that ratio.
Date of Acquisition is the date of past 2 years and cost also in that ratio.
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