Capital gains

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2014 My client has purchased 100 shares in listed company for a sum of Rs.150/- per share in January 2014. Subsequent the company issued Bonus shares in the ratio of 1:1 in June 2014. The Ex bonus rate is Rs.75/-. If he sell 100 shares of Original Purchase, there will be a short term loss of Rs.75/- per share. Whether he is eligible to claim Short Term Loss.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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08 June 2014 yes there will be a short term capital loss.

when you will sell the bonus shares, the cost of acquisition shall be zero.

section 94(7)/94(8) wont apply

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