This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.
As an investor, you must understand the tax implications on a bonus issue. According to the relevant provisions of the Income Tax Act, 1961, there are no tax implications on a bonus issue for shareholders in the particular financial year. This means that you don’t have to pay taxes for receiving the bonus shares. However, the gains, if any, made for trading in the additional shares are categorised as capital gains, and taxed accordingly. Download The App Now By continuing, I accept the Terms & Conditions and agree to receive updates on Whatsapp Per order for Intraday, F&O, Currency & Commodity Didn’t receive the OTP yet? Resend As a new-age investor, you must be aware of the fundamentals of the stock market before starting your investment journey. Along with having a grasp of the market dynamics, you must know about the key concepts of stock markets. One such crucial aspect is knowing about corporate actions, which are decisions taken by the companies listed on the stock exchange. These can be issuing dividend rights, split stocks and bonus shares.
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Copyright © IIFL Securities Ltd. All rights Reserved. Bonus shares issue is also known as: A bonus share is a free additional share which is given to the shareholders as a bonus. Before you start trading in stock markets, you are compulsorily required to open a Demat Account and a Trading Account. Always remember that opening a Demat Account with a trusted and reliable stock broker will provide you with manifold benefits, and help in making wise investment decisions. other group companies Gold/NCD/NBFC/Insurance and NPS