Tax liability on capital gain from gift stocks

If Securities transaction tax was paid and shares were listed then capital gain from sale of these will be exempted u/s 10(38) if it was held for more than 12 months. Otherwise it would be taxable at 15% u/s 111A(held for less than 12 months).

In case of unlisted shares if these are held for more than 36 months then it will long term capital and taxable at 20% otherwise it would be included in total income and taxable at normalrates.(This provision is applicable from 10.07.2014) 

Hello,

It is taxable in your mother's hand.