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 :
- Gross total income
- Export Compliance
- Sale of plots in open land
- Income tax query
- Best CA Inter coaching in laxmi nagar
- HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
- Unregistered Association of Persons (AOP) Agreemen
- Intimation u/s 245 of income tax act
- Ewaybill query
- IDS Refund: GSTR-2B Invoice Not Validated in State
Related Topics :
CAclubindia
