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LTCG on bonus shares

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uma shankar khatri

proprietor

127 Points Posted on 13 October 2023

10 years back I purchased 1000 shares of a company. paying 100000/- Rupees. During these years company gave Bonus shares and Now i have 2500 shares. Value of 2500 shares is 687500/- How the LTCG will be calculated ? I am a senior citizan , My annual income is below 5,00,000/- by business. these are not exact values. Should I sale at a time or in phased manner ?

Replies (5)

Quick Summary

This discussion explores the calculation of Long Term Capital Gains (LTCG) tax for bonus shares. The original poster, a senior citizen with an annual income below ₹5,00,000, purchased shares 10 years ago and now holds bonus shares. The conversation touches on the cost of acquisition for bonus shares, the potential reduction of sale consideration, indexed cost of acquisition, and tax implications for senior citizens, including the ₹1 lakh deduction. Advice is also sought on whether to sell shares all at once or in phases.

sabyasachi mukherjee

Profession

19974 Points Posted on 13 October 2023

Cost of the shars reduced from sale consideration.indexed cost of acquisition.

Ashwin Kumar

CA ipcc

315 Points Posted on 14 October 2023

No matter when you sell you will have to pay tax and cost of acquisition for bonus shares should be taken as NIL. pls provide details as to how many bonus shares were given in what period