Need Advice on Selling Prime Bank IPO Shares and Taxes on Bonus Shares

Need Advice on Selling Prime Bank IPO Shares and Taxes on Bonus Shares 1

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I have a bit of a financial situation and could use some guidance. So, my father purchased IPO shares of Prime Bank a while back, and now I’m considering selling them. However, I have a question regarding the bonus shares we received and the potential tax implications. Can anyone shed some light on this?

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One response to “Need Advice on Selling Prime Bank IPO Shares and Taxes on Bonus Shares”

  1. gokenkelly Avatar
    gokenkelly

    It’s the same. 7.5% tax of the profit if you are holding the shares for less than 365 days. If your holding period is longer than 365 days, the tax rate is 5%.

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