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Urgent reply needed
if an assessee has 90 shares of a co. on 31.3.14 and the shares gets subdivided in the fy 14-15,as a result of which no.of shares becomes 900.if assessee wants to sell 150 shares on 31.3.15,what is the tax treatment??
Replies (2)
I think, short tem capital gain will be apply on sale of 150 shares.
No the 90 shares are long term only...
I want to know the cost of acquisition of 150 shares...
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