Income tax related to trading of old shares

Income Tax
1

I have shares which were purchased long back stretching to early 1990’s. Unfortunately, I am unable to trace the records that could have guided me suggesting the rates at which I bough such stocks.

In case I sell them today, how to determine the income tax applicable? Does the concept of grandfathering needs to be applied in such cases, where the Fair Market Value (‘FMV’) of such investments would be the highest price quoted on the recognized stock exchange on 31 January 2018?

Does this rule apply to all stocks purchased prior to 2018 apply?

Thanks for advising me.

2

Hi @kjprajesh

If shares were purchased before 2018, the grandfathering rule shall apply.

You can read about the taxation of LTCG u/s 112A on shares.