Clarification on Taxation of Stock Selling

I have a query regarding taxation of stocks if you can help clarify.

Suppose i had purchased 100 qty of a stock, s1, on 01-may-2015 at Rs. 1500. Let us say on 01-Jul-2015 the company has announced 1:1 bonus. On 01-aug-2015, its price was 2000 and on that same day 100 qty got credited, and hence its price got halved to 1000. On 01-sep-2015, price was 1100 and i sold the first 100 shares at 1100

Question 1
for the first 100, my acquisition price was 1500 and selling price was 1100. am i right if i say that this transaction is a loss STCG transaction ?. if so, do i have to book loss in the IT return for AY-2016-17 ?

Question 2
if the above is correct, and let us say if i made STCG profit in another stock s2, is the resultant profit the difference between the profit of s2 and loss of s1 ? and if so, will STCG be applied on difference only ?

Question 3
as per rule is it right that the 100 that got credited as bonus will have a acquisition price of ZERO ?

Replies (2)
Quick Summary
This discussion clarifies the taxation of stock sales, particularly concerning short-term capital gains (STCG) and losses. It addresses how bonus shares affect acquisition costs and how losses from one stock can offset gains from another for tax purposes. The user seeks confirmation on booking losses and calculating net STCG.

1. Correct

2. Correct.

3. Correct.

Thank you for your prompt reply.

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