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?
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 ?
CAclubindia
