Comment on Tradetax for income tax returns when trading

Arun commented on 25 Jul 2017, 07:58 PM

Dear Nithin,
Can u please sort this out for me?
I had bought 1000 shares of FRL(future retail) at 150 rs which was merged with BRL(Bharti retail). As a result I got 1000 shares of BRL(now called FRETAIL) at 160 rs and 1000 shares of FEL(originally called FRL) at 25 Rs. I sold them all at those prices all within 1 year. But my broker’s statement shows a loss of 125 rs(150-25) in STCG for FEL. And in a separate ‘negative closing balance’ column it shows -1000 FRETAIL with 160000 rs in credit column.
I am confused if I should treat it as bonus or demerger and its tax implications. Can u please shed some light? Thanks..

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