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REGARDING LTCG ARISE ON SALE OF LISTED SHARES

This query is : Resolved 

26 March 2021 Assessee Purchased share in march 2016 of ABC company and in march 2018 assessee got bonus shares of XYZ company (issued by ABC company)
What will be Tax Liability under section 112A of income tax act for bonus shares ?? As bonus shares Received after the cutoff date 31-01-2018 . whether Grandfathering rule will apply in that case??

26 March 2021 Grandfathering rule will not apply in that case.


26 March 2021 ok Thanks
so In this case Sale Value will be long term Capital Gain ? As Bonus Shares COA Nil FMV Nil

26 March 2021 Yes, you are right............



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