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Tax on purchase of shares

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(Querist)
07 May 2012 Majority shareholders have purchased shares of minority shareholders within 2 years of issue. who will be liable to pay tax on it - majority or minority shareholders?
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
07 May 2012 The minority shareholders shall pay the capital gain tax as the provisions applicable for their transactions.
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prateek aanchalia

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prateek aanchalia (Expert)
07 May 2012 seller liable to pay capital gain as per provision of CG...
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