Capital gain on inherited shares
This query is : Resolved
10 September 2025
I had purchased 1000 shares of a company in March 2024 and sold them in May 2024. After the death of my father I inherited 5000 shares of the same company in October 2024 which my father had purchased in the year 2019. For computation of capital gains, what will be the cost of acquisition of the shares I sold in May 2024.
10 September 2025
1000 shares sold by you in May 2024 were purchased by you in March 2024; so your own purchase cost...
You inherited 5000 shares in October 2024.... There were no shares from May to October 2024 in your account...
You inherited 5000 shares in October 2024.... There were no shares from May to October 2024 in your account...
11 September 2025
I had purchased 500 shares of BHEL in March 2023. After the death of my father 200 shares of BHEL were transmitted in my account in October 2024 which my father had purchased in the year 2020. I sold 200 shares of BHEL in March 2025. For computation of capital gains, what will be the cost of acquisition of the shares I sold in March 2025?
11 September 2025
As per the rates you purchased 500 shares in March 2023.
19 September 2025
Good Luck...
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