My parents bought some shares in the 90s (not sure of the exact year). They passed away in 2004 and 2010. The shares were transmitted to me in 2013 (not sure of the exact date).
If I sell those shares now, what would be the cost basis for calculating capital gains? Would it be the price in 2013?
If a person receives shares as a gift from his parents, then the capital gains shall be taxed in the hands of the person when he sells the shares. Here’s a read on Tax on Gifted Shares & Securities - Learn by Quicko for your better understanding of tax computation.