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Capital gains tax worry for BSE Shareholders

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Before its pre- inital public offering the sharehoders of BSE fear higher taxes on bonus shares they got in 2007.The union buget had said the shares acquired after 2007 by non payement of secuirties transsaction tax(STT) will attract lomg term cappital gains tax. There is no instance of STT on shares obtained by way of bouns issue.Although the government has hinted that bouns and right issues would be exempt from the new provision,BSE shareholders have knoked on the door of the finance ministry and the sebi want clarity on the issue.
Business Standard New Delhi,20th March 2017 

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