Income tax on bonus share & right share sold ?
This query is : Resolved
Raj Chitroda
(Querist)
08 June 2018
Dear Sir,
Kindly what will be Tax Treatment of Bonus Share and Right issue share sold ?
What will be to Cost of Acquisition ?
thanks & Regards
Kindly what will be Tax Treatment of Bonus Share and Right issue share sold ?
What will be to Cost of Acquisition ?
thanks & Regards
Miss Mansi Bhojani
(Expert)
08 June 2018
Cost of acquisition in case of bonus shares will be nil if alloted on or after 1.4.1981 and for right shares the cost of acquisition will be the price actually paid to acquire shares
Raj Chitroda
(Querist)
08 June 2018
Thanks for your valuable times & reply
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