Its given as 1/04/2014 - Refer to Video no 15 in Income from other sources. Finance Act amendment The following clause (ix) shall be inserted after clause (viii) of sub-section (2) of section 56 by the Finance (No. 2) Act, 2014 w.e.f. 1-4-2015 (AY2015-16) : (ix) any sum of money received as an advance or otherwise in the course of negotiations for transfer of a capital asset, if,â?? (a) such sum is forfeited; and (b) the negotiations do not result in transfer of such capital asset.