Cost of Acquisition on inheritance of shares

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Proloy Samaradivakera (Querist)
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24 November 2021 I inherited shares from my mother after her demise. These shares were bought sometime in 2007.
It was transferred to me on 15-Sep-20. I sold the shares on 23 Jul-21.
How will the CoA be calculated - will the rate of shares be taken as on 15Sep20 or will the rate be as
of the date originally bought in 2007?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 November 2021 As such COA of the original assessee; i.e. 2007.
But if sold through exchange with STT paid, it would be as on 31.01.2018.

Proloy Samaradivakera

Proloy Samaradivakera (Querist)
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24 November 2021 OK. Thanks . A followup question on similar lines - instead of shares if the inheritance was that of an unmovable property (flat/house) which was acquired some time in 1980s and inherited in July 2019 and sold in April 2021. How will the CoA be calculated ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 November 2021 Fair Market Value as on 01.04.2001.

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