Hi
My father was purchased some securities 10 yrs back in physical form..
In 2018 april he transfer whole securities to my demate account as a gift nature..
Now i sold these securities in FY 20-21 through my demate account..
some questions regarding this.
1) How will this shown in my income tax return
2) I don't know exact buy date ..
3) whether can i take 2018 year buy value to compare my sale value to get profit/loss.
please guide me.
Thank you
In the case of a gift, the holding period in your hand will be counted from the date of the actual purchase of the securities.
Price actually paid at the time of purchase will be your cost of purchase.
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