Bonus share

Tax queries 152 views 3 replies
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113 Points Joined May 2017
If I rec'd bonus share from company what is my tax liability if I sold bonus share
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On 27 May 2017 at 19:12 Report
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Sale proceeds will be taxable under capital gains with no cost reduction, because cost of bonus shares is zero.

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On 27 May 2017 at 19:20
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Chartered Accountant
86505 Points Joined April 2011
Whole sales proceeds received is taxable under Capital Gain .
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On 27 May 2017 at 21:57
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Teacher
1484 Points Joined May 2015
If shares are sold in Stock exchange & held for more than 12 months then gain is exempt.
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On 03 June 2017 at 08:51


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