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Cost inflation Index for FY. 2016-2017 is notified - All About Finance

Cost inflation Index for FY. 2016-2017 is notified

by

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF DIRECT TAXES

NOTIFICATION 

INCOME-TAX

New Delhi,2nd June, 2016

S.O.________(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, in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number 5.0. 709(E), dated the 20th August, 1998, namely:-

2. In the said notification, in the Table, after serial number 35 and the entries relating thereto, the following serial number and entries shall be inserted, namely:-

SI. No.

Financial Year

Cost Inflation Index

(1)

(2)

(3)

“36

2016-17

1125″.

 [Notification No.42/2016/F.No.142/5/2016-TPL]

Sd/-

[Pravin Rawal]

Director

Note:- The principal notification was published in the Gazette of India, Extraordinary, Part IL Section 3, Sub-section(ii), vide number S.0.709(E), dated the 20th August, 1998 and last amended vide number S.02S(E), dated the 24.7.2015.

Download Original Notification

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