If unlisted share is sold at price below than the FMV calculated on the basis of income tax provisions & the seller paid the LTCG on the basis of FMV but the deal is executed at price below than the FMV. is there any tax liability on the part of purchaser also?
Yes, if the differential amount is Rs. 50,000/- or more...
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
