Long term capital gains on inherited equity shares

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2355 Points Joined July 2017
I have inherited equity shares listed on NSE and BSE in yr 2021
said shares were allotted to deceased before 2001 in 1990
please guide how to calculate long term capital gains if sold in 2021 by inheritor
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On 03 October 2021 at 20:16 Report
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SEO Sai Gr. Hosp.
208776 Points Joined July 2016

Take the price as on 31.01.2018, as cost of investment...... & proceed 

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On 03 October 2021 at 20:40
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2355 Points Joined July 2017

Ok....that is grandfather ing........and we don't have to take value as on 1/4/2001?? Please clarify

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On 03 October 2021 at 21:26
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28018 Points Joined May 2017
PRICE WILL BE FAIR MARKET VALUE EXISTING ON THAT DATE.
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On 04 October 2021 at 07:05
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SEO Sai Gr. Hosp.
208776 Points Joined July 2016

No need of taking price as on 01.04.2001, the 'grandfathering' till 31.01.2018 takes care of all that gains.

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On 04 October 2021 at 08:23
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2355 Points Joined July 2017

Thanks a lot for advice

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On 04 October 2021 at 08:46
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SEO Sai Gr. Hosp.
208776 Points Joined July 2016

My Pleasure ...                                  

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On 04 October 2021 at 08:48
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28018 Points Joined May 2017
Fair market value as on 31.1
2018 or the immediately preceeding day or full value of consideration for the shares/ units whichever is lower.
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On 04 October 2021 at 09:40
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2355 Points Joined July 2017

Thanks for valuable  opinion

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On 04 October 2021 at 09:42
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28018 Points Joined May 2017
No Rambha the clause does not always hold good in case of transmission of shares.
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On 07 October 2021 at 19:31


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