Capital Gains Tax on Inherited Mutual Fund
This query is : Resolved
25 October 2026
My father has expired. He has bought mutual fund units at NAV of Rs 10. It's current NAV is Rs 30. I am nominee in his mutual fund folio. So it will be transferred in my name. If sell these mutual fund units after 2 months at NAV of Rs 31, how tax I shall have to pay?
25 October 2026
Holding Period Status: Long-Term Capital Gain (LTCG) because the father's holding period is included.Cost of Acquisition: Rs 10 (cost to the father).Capital Gain: Rs 21 per unit ($\text{Rs 31} - \text{Rs 10}$).Tax Payable: Taxable as LTCG (for equity funds, 12.5% on gains exceeding ₹1.25 lakh in a financial year).
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