विशेषज्ञ की सलाह चाहिए?हमारे गुरु मदद कर सकते हैं

Ans: When you inherit shares, the cost of acquisition for tax purposes is determined based on the price at which your father originally purchased them. Here’s how you can approach it:
- Use the Original Purchase Price: The cost of acquisition is the price at which your father bought the shares. If you don’t have records, try checking old brokerage statements, demat account records, or consulting the broker he used.
- Fair Market Value (FMV) Method:
- If the shares were acquired before April 1, 2001, you can take the FMV as of April 1, 2001 as the cost of acquisition.
- If the shares were listed on a stock exchange and held on January 31, 2018, and sold after March 31, 2018, the FMV as of January 31, 2018, can be considered as the cost of acquisition.
- Bonus Shares: If your father received bonus shares, their cost is considered zero for capital gains calculation.
- Holding Period: The holding period includes the time your father held the shares, which helps determine whether the gains are short-term (held for ≤12 months) or long-term (held for >12 months).
- Tax Treatment:
- Long-term capital gains (LTCG) on listed shares exceeding ?1 lakh are taxed at 10% without indexation.
- Short-term capital gains (STCG) are taxed at 15%.
If you don’t have access to purchase records, you may need to estimate the FMV based on historical stock prices or consult a tax expert for guidance.