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TMI BlogFinancial year of taxability.X X X X Extracts X X X X X X X X Extracts X X X X ..... re of transfer Financial year (1) (2) (3) 1. Transfer referred to in clause (d) or clause (e) of sub-section (1) of section 47 (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 investment asset is converted or treated as a business trading asset; (b) in a case where the parent company, or it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Government or the Reserve Bank of India The financial year in which the compensation, or consideration, as the case may be, or such compensation or consideration enhanced or further enhanced by any court, tribunal or other authority, is received. 5. Transfer by way of conversion of an investment asset into, or its treatment as business trading asset The financial year in which such asset, so conv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or retained. 9. Transfer by way of any transaction enabling the enjoyment of any immovable property referred to in sub-clause (j) of clause (267) of section 314 The financial year in which the enjoyment of the property is enabled. 10. Transfer by way of slump sale, referred to in sub-clause (l) of clause (267) of section 314 The financial year in which the transfer took place. 11. Transfer by any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n account of liquidation or dissolution of a company referred to in sub-clause (h) of clause (267) of section 314 as reduced by the amount assessed as dividend within the meaning of sub-clause (c) of clause (81) of section 314, shall be deemed to be the income of the recipient of the financial year in which the money or asset is received; (d) any consideration from transfer made by the depository ..... X X X X Extracts X X X X X X X X Extracts X X X X
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