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
Menu
Long term capital gains on inherited equity shares
Replies (9)
Take the price as on 31.01.2018, as cost of investment...... & proceed
Ok....that is grandfather ing........and we don't have to take value as on 1/4/2001?? Please clarify
PRICE WILL BE FAIR MARKET VALUE EXISTING ON THAT DATE.
No need of taking price as on 01.04.2001, the 'grandfathering' till 31.01.2018 takes care of all that gains.
Thanks a lot for advice
My Pleasure ...
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.
2018 or the immediately preceeding day or full value of consideration for the shares/ units whichever is lower.
Thanks for valuable opinion
No Rambha the clause does not always hold good in case of transmission of shares.
Recent Topic
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
- Correct way to show income from annuity in ITR
- ITR 3 issues
- What after death of proprietor
- TDS paid under old regime instead of new
Related Topics
CAclubindia
