Cost of shares (for legal hier) in case of death of assessee

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roshn (Querist)
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09 October 2020 On death of assessee , will cost of acquisition of shares be initial cost or fair market value on date of death, For legal hier?

Bhaskaran Chackrapani Warrier (Expert)
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09 October 2020 Cost of the previous owner (ie., the deceased person). Refer section 49(1)(iii)(a).

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