what is the date of acquisition for bonus share received. is it date of purchase of original share or allotment date of bonus issue?
Menu
Capital gain on bonus share
Replies (4)
Allotment of bonus shares.
bonus share increases the number of quatity of shares and decreases the price of share if hold such shares more than 12 month than its arise LTCG and exmpt u/s 10(38) otherwise taxable for STCG @ 15%. 10(38) exemption is available only for listed shares if not listed it taxable 20% with indexation benifit.
holding period will be reckoned from the date of declaration of bonus shares
cost of acquisition is nil...
Recent Threads
- 54EC Capital Gains Tax Bonds
- We have bought MS Angles etc., and fabricated it t
- ICAI Scholarship
- GSTR-9 filling
- Intraday trading under presumptive
- Itc04 rorm date error
- Acknowledgment No. and date to be mentioned in rev
- Interest On Enhanced Compensation u/s 28 of Land a
- Wrong Place of supply mentioned by supplier on inv
- Itr for presumptive taxation and foreign asset
Related Threads
CAclubindia
