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Notification: S.O.600(E)
Section(s) Referred: 48 ,48(v)
Statute: INCOME TAX
Date of Issue: 19/8/1994
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 mentioned in the corresponding entry in column (2) of the said 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 —– (Sd.) D. P. Semwal, Under Secretary to the Government of India, [No. 9584/F. No. 142/41/94-TPL]
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