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Bonus share
a individual having 1000 share purchase price 20000. bonus share allowtted 1:4 (4000). total share are 5000. my Q is total puechase price 20000 of 5000 share or only 1000 share's.
thanks in advance
Replies (2)
For tax purposes, total purchase price of Rs. 20000 is for 1000 shares only.
The cost of acquisition for the bonus shares will be NIL.
It means when bonus shares are sold then all sales consideration will be capital gain. Am I right mam?
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