tag:blogger.com,1999:blog-5160674059772417323.post4946154523604164024..comments2024-03-03T17:26:46.979+05:30Comments on Calculated Wagers: Bonus Shares - Careful when you sell !Ankur Jainhttp://www.blogger.com/profile/01368912969506438596noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5160674059772417323.post-85911036300268655952016-05-24T15:12:42.720+05:302016-05-24T15:12:42.720+05:30Hi Albert,
Yes, that is true. The 100 shares that...Hi Albert,<br /><br />Yes, that is true. The 100 shares that you sell would be considered belonging to the old lot.<br /><br />However, for the 100 bonus shares i.e. new lot, the acquisition cost would be zero and the acquisition date would be March 1, 2015 [bonus date]. So, one has to wait for 12 months after the bonus date to enjoy capital gains tax exemption.<br /><br />best,<br />Ankur<br />Ankur Jainhttps://www.blogger.com/profile/01368912969506438596noreply@blogger.comtag:blogger.com,1999:blog-5160674059772417323.post-11069486235955917532016-05-18T14:05:13.147+05:302016-05-18T14:05:13.147+05:30Hi Ankur,
Could you help me answer a question on ...Hi Ankur,<br /><br />Could you help me answer a question on selling of bonus shares? Below is the situation<br />* I bought 100 shares of company X on 1-Jan-2014 for Rs. 10 / share<br />* I got 100 more shares as Bonus on 1- Mar-2015<br />* I sold 100 shares on 2-Mar-2015 at Rs.12/ share<br /><br />In this situation, can we say that the 100 shares that I sold was belonging to the original lot of 100 that I bought and thus avoid taxes, since it was sold after 1 year of holding?<br /><br />regards,<br />AlbertAnonymoushttps://www.blogger.com/profile/07779723647239115687noreply@blogger.comtag:blogger.com,1999:blog-5160674059772417323.post-56044578560539741502015-07-29T22:00:51.505+05:302015-07-29T22:00:51.505+05:30Nice post, Ankur! very informative. Thanks for pos...Nice post, Ankur! very informative. Thanks for posting.@uthenticRebelhttps://www.blogger.com/profile/16141152167015660000noreply@blogger.com