Long Term Capital Gains on Shares

This discussion explores the tax implications of Long Term Capital Gains (LTCG) on shares, specifically addressing a scenario involving bonus shares. The user queries whether their capital gains are taxable after receiving bonus shares and selling a portion of their holdings. The response clarifies that LTCG on the bonus shares themselves is nil, as their acquisition cost is zero. For the remaining shares sold, the capital gain is calculated based on the sale price and the original acquisition cost.