01 November 2013
if a company purchased shares in 10rs but the date of balance sheet fmv of that company is 15 rs ,balance 5 rs is deemed income of the hands of shareholders?
01 November 2013
No, unrealised gain should not be recognized as deemed income investment should be valued at cost or market value whichever is less so the purchase price should be the value of investment
CAclubindia
