Ioc Bonus Share 2024: Key Facts and Insights You Need to Know

The Ioc Bonus Share 2024 is a significant event that has garnered attention from investors and shareholders alike. The bonus share ratio is 1:1, which means that for every one existing share, one bonus share will be issued.

This means that shareholders will see a significant increase in their total shareholding. The bonus share entitlement will be credited to their accounts on a specific date, which is yet to be announced.

The Ioc Bonus Share 2024 is expected to boost the company's market capitalization and investor confidence. This move is seen as a positive step towards increasing shareholder value and rewarding existing investors.

You'll need to pay taxes on bonus shares.

Bonus shares are considered as income and are taxable under the income tax act.

The tax you pay will depend on your investment situation and local tax rules.

You'll be taxed on the bonus shares as income, which means you'll need to file your tax return accordingly.

This means you should set aside some money for taxes when you receive bonus shares.

The bonus history of Indian Oil Corporation Ltd is a crucial aspect to consider when it comes to understanding the company's past performance and future prospects.

Bonus ratios have been issued in the past, with the most recent one being 1:2 on June 30, 2022.

The bonus ratio of 1:1 has been issued multiple times in the past, including on March 15, 2018, October 18, 2016, and October 29, 2009.

A bonus ratio of 1:2 was also issued on August 14, 2003.

Here's a summary of the bonus history for Indian Oil Corporation Ltd: