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How is capital gains on bonus shares to be computed ?

Open uri20170510 32134 7ezpi6?1494421819 asked

How is capital gains on bonus shares to be computed ?

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4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

In case of Shot term capital gain ( holding period less than 12 months). A)Sale consideration = no. of share * selling price at which we want to sell. ( Ex. 200*50 = 10000) B)Cost of acquisition = no.of shares * Nil ( Share are allotted at Free of cost ) C)Expenditure = Nil. ( Assumption) D)Capital gain = A - (B+C) =10000 Tax = 10000 * 15% = 1500.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Dear friend, In case of sale of bonus shares capital gains are calculated. If the bonus shares are sold with in one year then short term capital gains are calculated but if the bonus shares are sold beyond one year then long term capital gains are calculated. Cost of acquisition of bonus shares is taken to be nil. Hope this helps you.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Bonus shares are allotted to the shareholder at free of cost based on the proportion of shares held by him/ her. In case of Shot term capital gain ( holding period less than 12 months). A)Sale consideration = no. of share * selling price at which we want to sell. ( Ex. 200*50 = 10000) B)Cost of acquisition = no.of shares * Nil ( Share are allotted at Free of cost ) C)Expenditure = Nil. ( Assumption) D)Capital gain = A - (B+C) =10000 Tax = 10000 * 15% = 1500. In case of Long term capital gain ( holding period more than 12 months). A)Sale consideration = no. of share * selling price at which we want to sell. ( Ex. 200*50 = 10000) B)Cost of acquisition = no.of shares * Nil ( Share are allotted at Free of cost ) C)Expenditure = Nil. ( Assumption) D)Capital gain =A - (B+C) =10000 Tax = nil. ( Long term capital gain are exempt from Tax under section 10(38)).

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

If bonus shares are sell within a year from the date of allotment of bonus share, than short term capital gain arises. Sell Value: at the prise you agree to sell with buyer Cost: Nil ST Capital Gain: Sell-Cost **Long Term Capital Gain** (If sell after 1 year from the date of allotment) Sell Value: at the prise you agree to sell with buyer Cost: Nil LTCG: Sell-Cost

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