Capital gain Calculation when Bonus Shares are issued

Mr. Scott

In that case cost of acquisition of Bonus share is Nil & date of acquisition is date of bonus shares issued. On thats basis ie. cost of aquisition of bonus shares is Nil,  you can calculate the capital gain ............

Hope you have no doubts........

come on that means he has to pay tax on the whole sale value? there should be some other way of calculating the capital gain

yes sourabh is correct.. so it would be better if you hold the bonus issue for minimum one year, then sell it, hopefully you get LTCG on sale of shares, provided its a listed one, and STT is being paid for the transfer