Notified Cost Inflation Index for Financial Year 2012-13 / Assessment Year 2013-14 is 852.
Cost inflation index for financial year 2012-13
(Guest)
7 Replies
santosh kumar
(Student CA Final )
(22 Points)
Replied 19 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 :-
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 :-
|
Sl. No.
|
Financial Year
|
Cost Inflation Index
|
|
(1)
|
(2)
|
(3)
|
|
"32
|
2012-13
|
852"
|
Regards,
Veeral Gandhi
(Guest)
Ketanji, please go to the following link :
https://www.incometaxindia.gov.in/home.asp
Regards,
Veeral Gandhi
Ankur S Kumar
(CA)
(204 Points)
Replied 23 September 2012
Thank you Nehaji for giving the information about the CII of AY 2013-14 and thank you Veeralji for informing us about the Notification details.
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