Cost of Acquisition of Shares — The Grandfathering Rule

Capital Gains — Section 90(7)

Test your understanding of how Section 90(7) steps up cost to FMV on 31 Jan 2018, the three FMV cases (listed/not-listed/unlisted MF), the two-part COA formula, and the 12.5% LTCG rate with ₹1.25 lakh exemption.