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<h1>India Updates Cost Inflation Index for FY 2013-14 to 939 under Section 48 of Income-tax Act</h1> The Government of India, through the Ministry of Finance's Department of Revenue and the Central Board of Direct Taxes, has amended Notification No. S.O. 709(E) from August 20, 1998. This amendment introduces a new entry in the Cost Inflation Index table, adding serial number 33 for the financial year 2013-14 with a Cost Inflation Index value of 939. This change is made under the authority of clause (v) of the Explanation to section 48 of the Income-tax Act, 1961. The amendment is documented in Notification No. 40/2013, dated June 6, 2013.