How should we calculate LTCG income on sale of Bonus Shares. How should we fix the purchase price for calculation of income tax. Please clarify whether the same method should be applied for calculation of income tax. Thanks.
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LTCG on sale of Bonus Shares
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Allotted on/after Feb 1, 2018: Cost of Acquisition is ₹0. Entire sale value (minus brokerage) is considered a capital gain.
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Allotted before Feb 1, 2018: Cost of Acquisition is calculated via the grandfathering rule: Lower of FMV on January 31, 2018, or the Actual Sale Price.
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Taxation: Net aggregate LTCG exceeding ₹1.25 Lakhs in a financial year is taxed at 12.5% without indexation benefits.
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