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Notification: 586(E)
Section(s) Referred: s. 48(v)
Statute: INCOME TAX
Date of Issue: 21/6/2000
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, 1999, and ending on 31st day of March, 2000, for urban non-manual employees, hereby specifies the Cost Inflation Index for the financial year commencing on 1st day of April, 2000, and ending on 31st day of March, 2001, 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 20th August, 1998, namely :—
In the said notification in the Table, after serial number 19 and the entries relating thereto, the following serial number and entries shall be added, namely :—
——– Sl. No. Financial year Cost Inflation Index ——– (1) (2) (3) ——– “20. 2000-2001 406.”. ——–
[F. No. 142/12/2000-TPL]
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