Comment on Tradetax for income tax returns when trading

Akshay.A commented on 18 Aug 2017, 02:12 PM

For the purpose of the tax calculations, the acquisition cost of bonus shares is considered as zero. The implication of this is that any amount that is earned at the time of the sale of the shares would be considered as capital gains since there is no cost involved in the purchase. The date of allotment of the bonus shares will be considered as the purchase date of the bonus shares

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