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Income From Capital Gains for CFP – 7

Posted by Prashant Shah on June 13, 2011

Capital Gain on Bonus Shares:

For bonus shares cost of acquisition is calculated as follows:

If acquired,

  1. Before 1/4/1981 — Fair Market Value on 1/4/1981
  2. After 1/4/1981 — Nil

Capital Gain on Right Shares:

  1. Cost of acquisition of right shares is rights issue price + rights renouncement purchase price
  2. Period of holding starts from the date of allotment of the rights shares

Capital Gain on Zero Coupon Bonds:

  1. Maturity or redemption of zero coupon bond will be regarded as a transfer and shall be chargeable under the head capital gains
  2. If  zero coupon bonds are held for not more than 12 months – STCG
  3. If held for more than 12 months – LTCG
  4. Indexation benefit is available in case of LTCG

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