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Cost of aquisition of bonus shares

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(Querist)
26 June 2014 if bonus shares received before 01-04-1981 then its cost of acquisition nill of FMV on 01-04-1981???
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
26 June 2014 yes, for bonus shares received before 1 April 1981, the cost shall be FMV as on 1 April 1981
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Rupesh Jain

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Rupesh Jain (Expert)
26 June 2014 before 1.4.1981 the take FMV after that NIL
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