Bonus share sale and tax complications

145 views 1 replies

Date-14-Sep-2016 I have been allocated 172 Bonus Shares of HPCL - Cost Price = 0 

On 11/July/2017  - 86 more shares have been allocated (1:2) issue. Their Cost Price is also 0

I had sold all 258 shares on 18/Jan/2018 - at around 405. Normally, all of my gains would have been Long Term.

How would I compute gains now? 

Replies (1)

"Normally, all of my gains would have been Long Term."

No. The shares alotted later were held less than 12 months. So STCG.

"How would I compute gains now?"
 

LTCG over 172 shares...... 172*405 (less any sell expd.)

STCG over 86 shares.....     86*405  (less any expnd)

Here cost of aquisition for Bonus shares is taken as ZERO.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details