This is as per many articles floating but sounds bit confusing and not logical. Logically in IT returns, the actual gain/loss must be mentioned irrespective of share price with or without bonus/split…and that’s what government would also expect…so if there is bonus, the buy price before bonus should adjust while filling returns to adjust for the bonus ratio…if someone is not doing that then it doesn’t seem correct on the individual part…same would go for retail investors…if they sell a share at 170 rs which they got by virtue of bonus on initial acquisition cost of rs 1800, then logically the buy price should adjust the real acquisition cost as rs 300 for bonus…because that’s what is logical and what is true as real capital gain or loss…
Would request some tax expert to enlighten forum here as there seems basic flaw in understanding, maybe including mine.
Disc. Not a tax expert. Views only academic and for learning. Can be wrong in all my assesemts.
| Subscribe To Our Free Newsletter |
