hi
One of my client has received shares in her demat from her in-laws and husband as they dematerialised the shares in March 2019, then part of such shares has been sold in March 19 it self from her demat.
What will be the cost of acquisitions for Capital Gain calculation?
Whether LTCG is payable or exempt?
If its gift check the COA and date of purchase of the shares by donor. Same will be for donee.
Capital gains will be applicable based on period of holding of donor.
CAclubindia
