Sale of Bonus shares

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This discussion addresses the crucial question of what cost basis to use when selling bonus shares in Indian listed companies for capital gains tax calculations. The advice suggests that if bonus shares were issued before 31st January 2018, their cost should be considered as the fair market value as of 31st March 2018. For shares issued after this date, the cost basis is considered zero.

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(Querist)
08 May 2024 We are holding ordinary shares as well as bonus shares in Indian listed companies.

On sale of bonus shares, what COST will be considered i.e. NIL OR average cost OR
Fair markert value for capital gain calculation.

Please advise.

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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 May 2024 If Bonus shares were issued before 31.01.2018, then the value as on 31.03.2018. If after the date then Zero.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 September 2024 Good Luck.
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