Capital gains tax on shares
This query is : Resolved
01 December 2010
What will the consideration in case of bonus shares? How will the capital gains be calculated on the same?
What will the consideration in case of Transmission of shares? How will the capital gains be calculated on the same?
What will the consideration in case of Transmission of shares? How will the capital gains be calculated on the same?
01 December 2010
cost of bonus shares is zero. So cost of acquistion for shares will be zero for computing capital gains.
I dont think there is any consideration in case of transmission of shares as the same is done free.
I dont think there is any consideration in case of transmission of shares as the same is done free.
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01 December 2010
Does that mean that the entire amount on the transfer of the transmitted shares will be taxable? Wont the cost to the previous owner be considered?
01 December 2010
No cost to the previous owner will now be the cost of the owner.
01 December 2010
Ok. Thanks a lot Mr. Aditya.
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