Financial year of taxability

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....year of taxability Sl. No. 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....

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....t as business trading asset The financial year in which the converted or treated asset is sold or otherwise transferred. 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 ....

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....d. i. Transfer by any mode other than the modes referred to in serial numbers a to h. The financial year in which the transfer took place. (2) The amount referred to in clause (c) 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 capital gains bond is transferred. (3) The amou....