Tax on Equity Mutual Fund
This query is : Resolved
26 February 2025
My father purchased Nippon india focussed equity fund on 28/03/2006 worth 30000. He expired in 2023 and being a legal heir as his son,those units were transmitted in my name in May 2024 which I redeemed fully in August and September of 2024 in staggered manner. What would be my tax implications as I've to file ITR for AY 25-26 ? The transactions is getting displayed in AIS. Help please.
Thanks
Thanks
26 February 2025
taxable as LTCG. cost will be grandfathered value of 31 Jan 2018..
27 February 2025
Thanks sir. So how to find the capital gain taking into account grandfathered value of 31st January 2018 as cost,I sold total 1822 units @122 nav,
Thank you
Thank you
27 February 2025
you need to check the closing value the mutual fund scheme as at 31 January 2018.
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