Do you have to pay tax on inherited mutual funds?

If I inherit mutual fund whose original purchase cost is Rs 5 lakh and at the time of transmission to me, its cost is Rs 10 lakh. Now when I sell them say at the rate of Rs 15 lakh, how the tax implications on me, i.e., if for taxation purpose purchasing cost for me is on the date of original purchase or on the date of transmission to me? How LTCG and STCG will be sorted out - Tarun Singla

This article was originally published on August 23, 2022.