Long term capital gains on inherited equity shares
Mahesh Shah (2308 Points)
03 October 2021said shares were allotted to deceased before 2001 in 1990
please guide how to calculate long term capital gains if sold in 2021 by inheritor
Mahesh Shah (2308 Points)
03 October 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 03 October 2021
Take the price as on 31.01.2018, as cost of investment...... & proceed
Mahesh Shah
(2308 Points)
Replied 03 October 2021
Ok....that is grandfather ing........and we don't have to take value as on 1/4/2001?? Please clarify
sabyasachi mukherjee
(27574 Points)
Replied 04 October 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 04 October 2021
No need of taking price as on 01.04.2001, the 'grandfathering' till 31.01.2018 takes care of all that gains.
sabyasachi mukherjee
(27574 Points)
Replied 04 October 2021
sabyasachi mukherjee
(27574 Points)
Replied 07 October 2021