Capital gains on shares

nitin (partner) (73 Points)

25 February 2015  

Hello,

I had bought  200 shares of mindtree in september 2013. company announced bonus in july 2014 and i sold the shares in feb 2015. please advise - 

1.long term capital gains will be on 400 shares incl 200 bonus shares or only 200 original purchased shares ?

2.bonus shares people say cost is zero ? If so the entire amount of bonus shares will be taxed at 15% ?

3.Can i club the short term gains with my other income which is only residential rent and claim the basic exemption limit ?

4.If i have to pay the short term capital gains tax then do i have to pay advance tax for the said amount ?

kindly reply. 

Thank You,

Nitin Agrawal