Cost Inflation Index for the FY 2015-16 is 1081 - Amendment in Notification Number S.O. 709(E), dated the 20th August, 1998 - 60/2015 - Income Tax Act, 1961
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Cost Inflation Index updated for a financial year, adding a new index value affecting capital gains computation. Amendment inserts a new Cost Inflation Index entry for the financial year 2015-16 into the notified table of indexation values used for computing indexed cost of acquisition for capital gains under the Income-tax framework, effected by Notification No. 60/2015 dated 24 July 2015 which amends the principal Gazette notification S.O. 709(E).
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Provisions expressly mentioned in the judgment/order text.
Cost Inflation Index updated for a financial year, adding a new index value affecting capital gains computation.
Amendment inserts a new Cost Inflation Index entry for the financial year 2015-16 into the notified table of indexation values used for computing indexed cost of acquisition for capital gains under the Income-tax framework, effected by Notification No. 60/2015 dated 24 July 2015 which amends the principal Gazette notification S.O. 709(E).
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