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Cost inflation index for financial year 2012-13

Notification 2157 views 7 replies

Guest

Notified Cost Inflation Index for Financial Year 2012-13 / Assessment Year 2013-14 is 852.

Replies (7)

Guest

What is the notification number? It will be a great help of you share the link of such notification.

santosh kumar

Student CA Final

22 Points Joined September 2012

How the goverment will arrive the figure of cost inflation index?

Guest

Dear Ketanji,

Following is the Notification along with it's No. :

Notification no : NO. 38/2012 [F. NO. 142/2/2012-SO(TPL)]/SO 2187(E), DATED 17-9-2012

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 amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, number S.O. 709 (E), dated the 20th August, 1998, namely:-

In the said notification, in the Table, after serial number 31 and the entries relating thereto, the following serial number and entries shall be inserted, namely :-