Bonus stripping will be effective from 1st April2023, does it mean it is applicable for Trades done in FY 2022-23 which are submitted for assessment in ITR now, or it will be applicable for trades done on or after 1st April 2023?
If I had purchased 100 shares at price of 50 cumbonus 1 month before record date say 01/07/2022 of Bonus entitlement so my investment was 5000/- . Bonus was issued 1:1, so ex bonus 200 shares and market price adjusted to Rs 25 so effectively investment is same value of 5000. Now if I sell all 200 shares on same day or say within 2 months from 01/07/2023 in one or two trenches, then theoritically, I do not make any profit or loss i,e. Original 100 shares result in 100 x 25 = 2500 so net loss of 2500 -5000= (2500and Bonus shares 100 x 25 2500 so net gain 2500-0 = 2500. How this is to be shown in ITR-2 CG section please help with exact values and location ITR-2 to understand.
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