NOTIFICATION NO. S.O. 1498(E) [NO. 31/2014 (F. NO. 142/3/2014-TPL)], DATED 11-6-2014

SECTION 48 OF THE INCOME-TAX ACT, 1961 – CAPITAL GAINS – COMPUTATION OF – NOTIFIED COST INFLATION INDEX UNDER SECTION 48, EXPLANATION (v)

NOTIFICATION NO. S.O. 1498(E) [NO. 31/2014 (F. NO. 142/3/2014-TPL)]DATED 11-6-2014

In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (42 of 1961), the Central Government hereby 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 published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the 20th August, 1998, namely:—

2. In the said notification, in the Table, after serial number 33 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)
“34 2014-15 1024″

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