Notification: S.O.770(E)
Section(s) Referred: 48 ,48(v)
Statute: INCOME TAX
Date of Issue: 7/11/1997
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, having regard to seventy-five per cent. of the average rise in the Consumer Price Index for urban non-manual employees, hereby specifies the Cost Inflation Index as mentioned in column (3) of the Table below for the financial year (including the financial year 1997-98) mentioned in the corresponding entry in column (2) of the said Table.
TABLE —– Sl. No. Financial year Cost Inflation Index —– (1) (2) (3) —– 1. 1981-82 100 2. 1982-83 109 3. 1983-84 116 4. 1984-85 125 5. 1985-86 133 6. 1986-87 140 7. 1987-88 150 8. 1988-89 161 9. 1989-90 172 10. 1990-91 182 11. 1991-92 199 12. 1992-93 223 13. 1993-94 244 14. 1994-95 259 15. 1995-96 281 16. 1996-97 305 17. 1997-98 331 —–
(Sd.) S. Mohapatra, Deputy Secretary to the Government of India.
[No. 10457/F. No. 142/39/97-TPL]
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