CBDT notifies Cost Inflation Index for Financial Year 2019-20 vide Notification No. 63/2019 dated 12th September, 2019. Cost Inflation Index for Financial Year 2019-20 at 289.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 63/2019- Income Tax
New Delhi, the 12th September, 2019
(INCOME-TAX)
S.O. 3266(E).—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 further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Official Gazette, vide number S.O. 2413(E), dated the 13th June, 2018, namely:‑
2. In the said notification, in the Table, after serial number 18 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) |
| “19 | 2019-20 | 289″. |
3. This notification shall come into force with effect from the 1st day of April, 2020 and shall accordingly apply to the Assessment Year 2020-2021 and subsequent years.
[Notification No. 63/2019/F. No. 370142/11/2019-TPL]
PRAVIN RAWAL, Director
(Tax Policy and Legislation)
Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 2413(E), dated the 13th June, 2018.
1 plot area 128.25 sqm purchase 1999 & construction on 2000.now covered area is 134.75 sqm .Now Above plot sell may 2021. now my question is due income tax on land or construction or both land&construction.pl clearly guide me
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