LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Long term capital gains on inherited equity shares

03 October 2021

I have inherited equity shares listed on NSE and BSE in yr 2021
said shares were allotted to deceased before 2001 in 1990
please guide how to calculate long term capital gains if sold in 2021 by inheritor

Reply
Follow
Share

9 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 03 October 2021

Take the price as on 31.01.2018, as cost of investment...... & proceed

Mahesh Shah (2299 Points)
Replied 03 October 2021

Ok....that is grandfather ing........and we don't have to take value as on 1/4/2001?? Please clarify

sabyasachi mukherjee (25988 Points)
Replied 04 October 2021

PRICE WILL BE FAIR MARKET VALUE EXISTING ON THAT DATE.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 04 October 2021

No need of taking price as on 01.04.2001, the 'grandfathering' till 31.01.2018 takes care of all that gains.

1 Like

Mahesh Shah (2299 Points)
Replied 04 October 2021

Thanks a lot for advice

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 04 October 2021

My Pleasure ...

sabyasachi mukherjee (25988 Points)
Replied 04 October 2021

Fair market value as on 31.1
2018 or the immediately preceeding day or full value of consideration for the shares/ units whichever is lower.

Mahesh Shah (2299 Points)
Replied 04 October 2021

Thanks for valuable opinion

sabyasachi mukherjee (25988 Points)
Replied 07 October 2021

No Rambha the clause does not always hold good in case of transmission of shares.

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

Live class on Bonus & Gratuity(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

25 April 2024
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)

CA Arun Chhajer

Enroll Now

21 April 2024
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"

CA Vishal Zawar

Enroll Now

01 May 2024

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads