Financial year of taxability.

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....BILITY Serial number Nature 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 ass....

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....e being in force, or (ii) the consideration for which was determined or approved by the Central 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. Trans....

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....stributed.   8. Transfer by way of part performance of a contract, referred to in sub-clause (i) of clause (267) of section 314 The financial year in which the possession of the immovable property is allowed to be taken 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 ....

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....  (b) any money or asset received by the participant on account of his retirement from an unincorporated body referred to in sub-clause (o) of clause (267) 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;       (c) any money or asset received by the shareholder on account of liquidation ....