Long term/short term capital gain on shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2014
I purchased 10 shares of Reliance on 12/09/12 @ 900/- per share. I recd 10 bonus shares on 10/09/13. I sold the entire 20 shares @ 500/- per share on 11/01/2014. What will be the working of capital gain/loss ?
28 February 2014
10 shares bought on 12/09/12 shall suffer from long term capital loss which cannot be set off against any other income
the bonus shares on 10/09/13 shall suffer from short term capital gains.
the bonus shares on 10/09/13 shall suffer from short term capital gains.
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