Tax on Equity Mutual Fund

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Shantanu Bose (Querist)
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26 February 2025 My father purchased Nippon india focussed equity fund on 28/03/2006 worth 30000. He expired in 2023 and being a legal heir as his son,those units were transmitted in my name in May 2024 which I redeemed fully in August and September of 2024 in staggered manner. What would be my tax implications as I've to file ITR for AY 25-26 ? The transactions is getting displayed in AIS. Help please.
Thanks

Nikhil Kaushik

Nikhil Kaushik (Expert)
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26 February 2025 taxable as LTCG. cost will be grandfathered value of 31 Jan 2018..

Shantanu Bose

Shantanu Bose (Querist)
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27 February 2025 Thanks sir. So how to find the capital gain taking into account grandfathered value of 31st January 2018 as cost,I sold total 1822 units @122 nav,
Thank you

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 February 2025 you need to check the closing value the mutual fund scheme as at 31 January 2018.

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