Inheritances Share Tax Implications

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Paresh Jani (Querist)
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17 January 2026 Madam / Sir,

I have received inherited shares after my mother's death to my account. Say company 'A' which was purchased by my mother for Rs 160 per shares in 2019 and the same is at present trading around Rs 620. The same share is transferred to my demat account after the inheritance process. On the day it was transferred this share was trading at Rs 595. Now in my capital gain report generated by my broker platform it shows that Rs 620 - Rs 595 = Rs 25 per share capital gain whereas actual is Rs 620 - Rs 160 = Rs 460 per share. Thus, while filling ITR for FY 25-26 (AY 26-27) which figure is to be taken for calculating capital gain tax for myself.

Now in new scenario the shares of company ‘B’ purchased by my mother in 2020 @ 146 and the same was inherited and credited in my demat account. I have sold some of these shares in Dec 2025 @ 308. How much would be the capital gain for me for these shares of company ‘B’.

In another scenario shares purchased by my mother in 2021 @ 48 and now it is trading @ 22. If I sell it then what would be the tac scenario.

I request to explain me in detail all these scenarios tax implications for me for filling ITR of FY 26-26 (AY 26-27)

Thank you very much in advance.

Paresh Jani

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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17 January 2026 Capital gain tax liability will arise only when you sell those shares, not at the time of transfer due to inheritance.
1. If share A is not sold, no tax liability.
2. For the number of shares sold of 'B'; LTCG for each share will be 308- 146.
3. For each share of 'C' there will be LT cap. LOSS of Rs. 26/-

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