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Benefit of equity shares and bonus shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 March 2018 FACTS :

Mr. A holds 100 Equity shares of XYZ Ltd. (a listed Company) since 2010 and the cost of the same is Rs. 1,00,000/-. In the year 2015 he got another 100 Equity shares as Bonus Shares of XYZ Ltd.

QUERY

Will he get benefit of market value of Equity shares as on 31/01/2018 in respect of Bonus Shares for future sale of such Bonus Shares as per the Budget 2018.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
22 March 2018 yes. as such there is no distinction made under the new amendment for bonus shares. So they should also be eligible to valued at 31.01.2018 value for ascertaining the cost.
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
22 March 2018 If bonus shares are sold after March 2018, LTCG will be calculated as Sales price - (Market Price as on 31-01-2018).
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