Taxability on Transfer of Bonus Share
This query is : Resolved
03 August 2021
I want to know how Short term or long term capital Gain should be calculated in case of transfer of bonus shares. Whether cost of acquisition should be considerced as nil or by averaging purchase price. Whether transfer of shares between shareholders in a same company would be treated as transfer for the purpose of calculation of capital gain.
03 August 2021
Yes, cost of acquisition will be considered as nil. Such transfer will be considered for capital gains.
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