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I have received shares in my Demat account as a part of the bonus issue? What will be the cost of acquisition of these shares?

April 26, 2017account acquisition Bonus COST demat ISSUE received Shares

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I have received shares in my Demat account as a part of the bonus issue? What will be the cost of acquisition of these shares?

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Cost of acquisition of these shares will be Nil. The net sales proceeds from the shares will be treated as capital gains. Period of holding of these shares will be reckoned from the date of the allotment of such issue. Example: You purchased 1000 shares of ACC on 10.6.1999 for Rs 1, 10, 000/-. You were allotted 1000 shares as bonus on 11.8.1999. You sold these shares on 12.8.2000 for Rs 1, 30 000/-.