Financial year of taxability

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..... Nature of transfer Financial year (1) (2) (3) a. Transfer between parent and subsidiary company, referred to in clause (c) or clause (d) of sub-section (1) of section 45 (a) in a case where the investment asset is converted by the transferee into, or is treated by it as, business trading asset, the financial year in which the business trading asset is sold; (b) in the case of any other investment .....

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..... e. Transfer by way of - The financial year in which the asset is transferred or distributed. (i) contribution of the asset, whether by way of capital or otherwise, to a company or an unincorporated body, in which the transferor is, or becomes, a shareholder or participant, as the case may be; or (ii) the distribution of the asset on account of dissolution of an unincorporated body. f. Transfer by .....

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..... the contrary contained in sub-section (1), be the income of the financial year in which the capital gains bond is transferred. (3) The amounts referred to in clause (d) and clause (e) of sub-section (2) of section 44 shall, regardless of anything to the contrary contained in sub-section (1), be the income of the financial year in which the amount is withdrawn or of the fourth financial year immedi .....

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