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.
Menu
LTCG on sale of Bonus Shares
Replies (1)
-
Allotted on/after Feb 1, 2018: Cost of Acquisition is ₹0. Entire sale value (minus brokerage) is considered a capital gain.
-
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.
-
Taxation: Net aggregate LTCG exceeding ₹1.25 Lakhs in a financial year is taxed at 12.5% without indexation benefits.
Recent Topics :
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
- Which software to buy
- Property Selling and buying
- Office Management System
- Can I pursue articleship alongside a regular full-
- Investment fund's income from ncd distribution to
- Comparative BS PL with Audit report
Related Topics :
CAclubindia
