Sale of GIFTED SHARES TAXATION

Whether you received gift on or before 31.01.2018?

if the shares were purchased by donor before said date in that case take the FMV of the shares as on said date. Otherwise take his/her purchase cost.

when u say  "FMV of the shares as on said date " u mean the value on 31st jan 2018 right? & if the shares the person got were due to inheritance on passing away for the person then i should look for the price the late person bought the shares?

If the donor had bought it before 31.01.2018, and if you have sold it through any exchange where STT paid, then take the COA as its rate on 31.01.2018.

Refer:: https://finlib.in/fair-market-value-31-jan-2018/

sir , plz guide on this too as m unable to open a new topic on forum due to technical glitch

  if i have 100 shares of a company that i purchased  at 2500 before 2018 and later the company gave me another 100 bonus shares so avg cost of purchase for each share is 1250 ,

so when i sell the shares now partly should i take the avg cost of 1250 as cost price or 2500 ?

in capital gain &loss report the buy price is showing as 2500 but position statement shows the avg price per share for whole 200 shares as 1250, m confused on what i should take as cost plz guide. 

plz note fmv is abt 900 for this share ...thank u 

Here you have to take COA as FMV as on 31.01.2018, if that is higher & offer capital gain based on that.

Originally posted by : Dhirajlal Rambhia
	Here you have to take COA as FMV as on 31.01.2018, if that is higher & offer capital gain based on that.

is cost price of bonus shares actually zero? broker saying go by capital loss statement as thats ur proof and these r bonus shares on shares bought by u not gifted before 2018

Finally it will be same, as FMV as of 31.01.2018 is to be taken as COA, when shares were procured before the date. Read more on Grandfathering.