TMI BlogFinancial year of taxabilityX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y way of conversion into, or its treatment 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 bod ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in which the money or the asset is distributed. 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 w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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