10 years back I purchased 1000 shares of a company. paying 100000/- Rupees. During these years company gave Bonus shares and Now i have 2500 shares. Value of 2500 shares is 687500/- How the LTCG will be calculated ? I am a senior citizan , My annual income is below 5,00,000/- by business. these are not exact values. Should I sale at a time or in phased manner ?
5 Replies
sabyasachi mukherjee
(27597 Points)
Replied 13 October 2023
Cost of the shars reduced from sale consideration.indexed cost of acquisition.
Ashwin Kumar
(CA ipcc)
(449 Points)
Replied 14 October 2023
No matter when you sell you will have to pay tax and cost of acquisition for bonus shares should be taken as NIL. pls provide details as to how many bonus shares were given in what period
sabyasachi mukherjee
(27597 Points)
Replied 14 October 2023
1 big mistake .
gross total income less exemption and deduction.
gross total income less exemption and deduction.
Ashwin Kumar
(CA ipcc)
(449 Points)
Replied 14 October 2023
Bro if you don't know then shut that stupid mouth of yours. if you can give a proper answer, you are welcome. if not, PISS OFF
deep1976
(propreitor)
(278 Points)
Replied 13 February 2024
jab aap share bech denge sell price - purchase price us amt par 10% ltcg simple and can claim rs one lakh deduction
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