Hi Experts,
Just suggest what will be the consequences when an assessee earn income from sale of Share received by gift/will/inherated by some one.
How the cost of share will be will be decide and how to decide the holding period?
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Gain from share sold..
Replies (2)
Cost of acquisition of previous owner will be the original cost and period of holding will be decided based n same
COA OF PREVIOUS OWNER AND ANY COI BY BOTH(SELF AND PREVIOUS OWNER) ARE TAKEN WITH INDEXATION AND POH FROM PREVIOUS OWNER.
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