Notification: S. O. 709(E)
Section(s) Referred: s. 48 Expln (v)
Statute: INCOME TAX
Date of Issue: 20/8/1998
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 1998-99) mentioned in the corresponding entry in column (2) of the said Table, namely:—
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 18 1998-99 351 ——-
(Sd.) D. Karunakara Rao, Under Secretary to the Government of India. [No. 10673/F. No. 142/25/98-TPL]
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