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Sale of shares

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03 July 2012 suppose mr.x has sold the shares of a private limited shares to a listed company,the value of share is of 400 and mr.x sold that for 1, then 399 will be taxable or not if yes then in whose hand?
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V K Bajaj

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V K Bajaj (Expert)
04 July 2012 Sir,

Your question is not in order and well understood. What should be understood from "private limited shares to a listed company".

However, if shares has been sold @ Rs. one per share then absolutely NO profit but LOSS.

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