Tax consideratin on Redemption of Bonus Share

Hello Sir,

I want to know about the tax considerations of bonus shares to Equity shares at the time of redemption. Plz give me answer as soon as possible.

thanks and Regards, Anju kashyap

asked Nov 03 '11 at 17:59 by Anju 1111

If these shares are listed on Indian stock markets and have been kept for atleast a year, then there won't be any income tax on gains.

If they are sold before a year, 15% income tax would be applicable on gains.

answered Nov 04 '11 at 13:26 by Pankaj Batra 5.2k320


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Asked: Nov 03 '11 at 17:59

Seen: 1,766 times

Last updated: Nov 04 '11 at 13:26