Query regarding profit on share

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Nitin Agarwal (Querist)
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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.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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13 September 2014 for the seller 50C shall apply. So he shall also have the tax liability.

For the buyer check for application of 56(2)(vii)

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