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Notification: 11085
Section(s) Referred: s. 48(5)
Statute: INCOME TAX
Date of Issue: 20/9/1999
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 average rise in the Consumer Price Index for the financial year commencing on the 1st day of April, 1998 and ending on the 31st day of March, 1999 for urban non-manual employees, hereby specifies the Cost Inflation Index for the financial year commencing on the 1st day of April, 1999 and ending on the 31st day of March, 2000 and 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 No. S.O. 709(E) dated the 20th August, 1998 [published at (1998) 148 CTR (St) 141], namely:
TABLE ——– Sl. No. Financial Year Cost Inflation Index ——– (1) (2) (3) ——– “19 1999-2000 389” ——– [F. No. 142/4/99-TPL]
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