Tax Liability on Capital Gain from sale of shares
This query is : Resolved
10 March 2010
How to calculate capital gains on sale of bonus shares?
One of my clients holding splash media 500 shares till November,2009 for Rs.54775/-Company issue bonus share in December,2009 in ratio of 3:1 in his account total shares is 2000. Now he want to sell total shares 2000 qty. Now how to calculate capital gain on sale of shares. Cost of bonus shares will be Nil. How to calculate the short term capital gain?
How to calculate capital gains on sale of shares which stock is Split from Rs. 10/- to Re. 1/-
One of my clients holding Comfort Intech 2000 shares till September,2009 for Rs.58100/-. Company split the shares from Rs. 10/- to Re. 1/- in his account total shares is 20000. Now he want to sell total shares 20000 qty. Now how to calculate capital gain on sale of shares. Cost of 20000 shares will be 58100/-. i.e. Per shares cost is 2.905. How to calculate the short term capital gain?
Kindly sugeest how calcaulate capital gain.
Thanks & regards
One of my clients holding splash media 500 shares till November,2009 for Rs.54775/-Company issue bonus share in December,2009 in ratio of 3:1 in his account total shares is 2000. Now he want to sell total shares 2000 qty. Now how to calculate capital gain on sale of shares. Cost of bonus shares will be Nil. How to calculate the short term capital gain?
How to calculate capital gains on sale of shares which stock is Split from Rs. 10/- to Re. 1/-
One of my clients holding Comfort Intech 2000 shares till September,2009 for Rs.58100/-. Company split the shares from Rs. 10/- to Re. 1/- in his account total shares is 20000. Now he want to sell total shares 20000 qty. Now how to calculate capital gain on sale of shares. Cost of 20000 shares will be 58100/-. i.e. Per shares cost is 2.905. How to calculate the short term capital gain?
Kindly sugeest how calcaulate capital gain.
Thanks & regards
17 March 2010
In case of bonus shares, the cost of acquisition is considered as nil.
In case of share split, the cost of acquisition is also to be adjusted in the split ratio.
In case of share split, the cost of acquisition is also to be adjusted in the split ratio.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
