Will I Pay Tax on My Bonus Shares?

Ans: LTCG of these Bonus shares shall be calculated by considering FMV (Fair Market Value) on 31/01/2018. Grandfathering provision is available here.

Ans: 01. Value of Bonus Shares shall be treated as zero/nil to work out Capital Gain.
02. Tax liability will be there only when you sell the shares. On allotment there is no Tax Liability.
03. Whether it is LTCG or STCG depends upon the period you holed there shares. More than one year holding period will shift the gain to Long Term instead of Short term.
Most welcome for any further clarifications. Thanks.

Ans: Issuance of bonus share does not invoke any tax liability. It is treated as shares acquired on date of allotment at zero price. Whenever you sell these bonus shares the LT/ST CG liability will come into play based on your holding period. Regarding Jio Finance demerger from RIL, it was a part of RIL business which they have now separated therefore for eg. if your buy price of RIL share is Rs.100 per share then you need to apportion this cost between the two after demerger, in the ratio as communicated by RIL to regulators, and record that as your cost of these shares on the date you purchased original RIL shares. Let's say it is 95 & 5 so your acquisition cost of RIL share shud be shown as 95 and cost of acquiring Jio Finance share as 5. Sounds like lot of calculations but if you deal in shares you must have a habit of physical/digital record keeping. Also LT/ST count for Jio Finance shares will be from the same date as you bought original RIL shares and not the date of demerger. Hope this helps.