Bonus shares credited to your demat account. Income tax rules on sale
Income tax: Cost of bonus shares issued after 31st January 2018 is considered zero while in case of issuance before this date is considered close price of the stock on this date
Income tax rule on bonus shares: Results season is about to end on Dalal Street and companies have been showering interim dividends, bonus shares and buyback of shares. As all these forms of benefits are shareholders' income, beneficiaries are advised to know the income tax rules applicable on these benefits passed on by the listed companies.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started