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 Topic
- LTCG on unlisted foreign shares acquired in inheri
- SBI Funds Management IPO Allotment on July 17: Lis
- PF Final settlement shown in Salary Form 16 FY 26-
- ITR3 online utility: Part B TTI is populating fiel
- Sale of rural agriculture land
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
- Sec 54 exemption
Related Topics
CAclubindia
