Tunnel Advertisements Ltd., is engaged in the out of home advertising business. The company has announced a bonus issue for Diwali. Avtar Singh, a shareholder, who holds 1000 shares (which he had subscribed to for Rs. 100 each), receives 100 bonus shares of the company the face value or nominal value of each share is INR 100. He manages to sell each bonus share for INR 150 to a buyer next month. What are the tax implications of the transaction?