Bonus Shares' Acquisition Date is Issuance Date: High Court Clarifies Tax Benefits u/s 54E for Capital Gains.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Benefit of section 54E - LTCG / STCG – bonus shares issued by a company are acquired by a shareholder when they are issued, and they must be taken to be held by the shareholder from the date of their issue, and not from the date when the original shares - HC....