Suppose i purchase 1000 'A' ltd. shares of Rs. 10/- at 1,50,000/- (premium).i receive 500 bonus shares at 10/- each. Later i sell 1000 shares for 1,25,000/-. What is the taxable capital gain in my hands. And also let me know the accounting entries in my books.
Hi Aanya,
Please refer the attached file for the answer to your query.
Regards,
Devendra Kulkarni
A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
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O P Bagla & Co LLP
New Delhi
CA Inter
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R P S K & Associates
Nashik
CA Inter
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Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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