Sunday, June 9, 2013

NOTIFIED COST INFLATION INDEX FOR FINANCIAL YEAR 2013-14 IS "939"

SECTION 48, EXPLANATION (v) OF THE INCOME-TAX ACT, 1961 - CAPITAL
GAINS - COMPUTATION OF - NOTIFIED COST INFLATION INDEX FOR
FINANCIAL YEAR 2013-14
NOTIFICATION NO. 40/2013 [F. NO. 142/7/2013-TPL]/SO 1464(E), DATED 6-6-2013
In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the
Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the
following amendment in the notification of the Government of India in the Ministry of
Finance (Department of Revenue), Central Board of Direct Taxes, published in the
Gazette of India, number S.O. 709 (E), dated the 20th August, 1998, namely:—
In the said notification, in the Table, after serial number 32 and the entries relating
thereto, the following serial number and entries shall be inserted, namely :-
Sl. No. Financial Year Cost Inflation Index
(1) (2) (3)  2013-14 "939" 

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