banner_ad

ENTRY OF BONUS

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 March 2009 IF ASSESSEE HAS RECEIVED BONUS SHARE FROM COMPANY WHICH A/C HE SHOULD CREDIT.
Profile Image

Manmohan ACA, CS

Profile Image

Manmohan ACA, CS (Expert)
14 March 2009 no entry is passed for receiving bonus share as it is not a transaction.
since consideration is nil.
for example if you got a radio free with a fan for your office, it does not constitute income, but it is a assets.


You should not pass any entry but debit the quantity column of bonus share in the investment in shares account, and at the time of selling any share use FIFO method or weight average to compute profit then,


Hope u understand regards.........!
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
14 March 2009 i agree with Mr. Manmohan
Profile Image

C A GROUP COACHING

Profile Image

C A GROUP COACHING (Expert)
14 March 2009 NO FINANCIAL TRANSACTION INVOLVED, BUT JUST ADD TO THE NUMBER OF SHARES WHICH YOU HAVE WHICH WILL EFFECTIVELY REDUCE YOUR PER SHARE COST
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details