bonus shares issued to preference share holders is deemed dividend u/s 2 (22) (b) what is the status if it is issued to equity shareholders..???.plz suggest...
bonus shares issued to preference share holders is deemed dividend u/s 2 (22) (b) what is the status if it is issued to equity shareholders..???.plz suggest...
Dear Prachi,
It is taxed as CG at the time of sale. Howevr, Cost of Acquistion is NIL for the purposes of CG
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