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Capital gains tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2011 If der is a stock split during the year but originally the shares wer purchased 12 months before the stock split date then the shares are sold during the year, so for calculation of stcg and ltcg which date shall be considered the date of original purchase or the stock split date??plz reply me as fast as possible
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
23 August 2011 The date of Original Purchase will be considered.

Split up is not a transfer.

Suppose, Share purchased in Rs 500.
1 Share splits in 5 shares
Cost of 1 share = 500/5= 100
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