Tax Liability on Capital Gain from sale of shares

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NK1976

NK1976 (Querist)
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10 March 2010 How to calculate capital gains on sale of bonus shares?

One of my clients holding splash media 500 shares till November,2009 for Rs.54775/-Company issue bonus share in December,2009 in ratio of 3:1 in his account total shares is 2000. Now he want to sell total shares 2000 qty. Now how to calculate capital gain on sale of shares. Cost of bonus shares will be Nil. How to calculate the short term capital gain?

How to calculate capital gains on sale of shares which stock is Split from Rs. 10/- to Re. 1/-

One of my clients holding Comfort Intech 2000 shares till September,2009 for Rs.58100/-. Company split the shares from Rs. 10/- to Re. 1/- in his account total shares is 20000. Now he want to sell total shares 20000 qty. Now how to calculate capital gain on sale of shares. Cost of 20000 shares will be 58100/-. i.e. Per shares cost is 2.905. How to calculate the short term capital gain?

Kindly sugeest how calcaulate capital gain.

Thanks & regards

Rasesh

Rasesh (Expert)
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17 March 2010 In case of bonus shares, the cost of acquisition is considered as nil.

In case of share split, the cost of acquisition is also to be adjusted in the split ratio.