13 September 2014
one shareholder purchase share of a company whose FV is 10 and market value is 100. seller sold these share for rs 10. so seller have no gain or loss. but buyer have rs 90 unrealized profit because buyer purchased these share at a cost of rs 10 but market value of these share is 100 so please advice me buyer have any tax liability for the above transaction.
CAclubindia
