16 May 2022
MY FATHER HOLDS 1000 UNLISTED SHARES OF A COMPANY (DATE OF ACQUISITION 01.04.2005) AND COST OF ACQUSITION FOR HIM IS RS.10,000/- . HE GIFED THE SAID SHARES TO ME ON 01.04.2022 NOW I WANT TO SOLD THE SAME. MY QUERY IS WHAT IS THE COST OF ACQUISITON FOR ME AND WHETHER IT IS SHORT TERM OR LONG TERM CAPITAL GAIN ? ALSO IF IT IS LTCG CAN I GET INDEXISATION BENEFIT ? AND AT WHAT RATE THE CAPITAL GAIN WILL BE TAXED ?
CAclubindia
