Urgent help in itr filling

ITR 431 views 3 replies
My Grandfather had appointed me as nomiee for his share and after his death I had did transmission of his share to my demat account. After keping more than 1 year I sold all the share. I want to know how i can show this in ITR.
 
How i can find cost of aquasition as these share maybe they are purchased 10-15 year old
 
Please help me urgent.....
Replies (3)

Hi Rahul,

You need to show the income under the head capital gains. Your cost of acquisition for the purpose of computing capital gain will be the cost of acquisition of in the hands of your grand father. You can take the benefit of exemption provided to long term capital gain on shares.

For any further query PM/Mail

Anubhav Jain

anubhavjain176 @ gmail.com

You have to show it in ITR under LTCG

Originally posted by : Anubhav
Hi Rahul,

You need to show the income under the head capital gains. Your cost of acquisition for the purpose of computing capital gain will be the cost of acquisition of in the hands of your grand father. You can take the benefit of exemption provided to long term capital gain on shares.

For any further query PM/Mail

Anubhav Jain

anubhavjain176 @ gmail.com

How i can find "cost of acquisition of in the hands of my grand father" as these are very old holiding? I checked in old statement it is showing only transfer dates to my account ?


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