My mother is 72 years old. She has a demat account with share holdings of close to more than a decade. She would like to sell them. However, she has not kept any record with regards to original broker note nor has any purchase date. How will the capital gains and the profit be calculated. Kindly guide.
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Computation of capital gains tax
Replies (5)
The details will be recorded by bank after which the original price in the demat account has been recorded and the sale price will be calculated as on the date of redeemed
Ask from broker ST LT sheets
Thanks for the revert Sir. These shares were purchased prior to demat introduction. Most of these have a vintage of 20 to 25 years.
Thanks for the revert madame. I don't think the brokerage even exists anymore.
then value as on 31.01.2018 will be your cost.
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