Effective date for declaration of bonus
This query is : Resolved
Pritesh Vithlani
(Querist)
26 May 2012
When a company declares bonus, for our Income Tax purposes for calculating short term/long term capital gains which date should be considered as Purchase date i.e. Record date or the date on which shares are credited in our Demat a/c?
CA PARAS BAFNA
(Expert)
27 May 2012
The date when shares are issued to the investor has to be considered. So, You have to take the date on which the shares have been credited to the Demat A/c.
.
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Mukesh Goyal
(Expert)
27 May 2012
yes agreed with Mr Bafna, when the shares has been alloted to the meber , it will treated the record date .....
Thanks & Regards
CACS Mukesh Goyal
+91-99105-30973
MUKESHGOYAL29@GMAIL.com
Thanks & Regards
CACS Mukesh Goyal
+91-99105-30973
MUKESHGOYAL29@GMAIL.com
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