Cost Inflation Index specified for capital gains computation under the Income-tax Act's inflation-adjustment mechanism. Cost Inflation Index is specified under clause (v) of the Explanation to section 48 of the Income-tax Act, 1961, on the basis of seventy-five per cent of the average rise in the Consumer Price Index for urban non-manual employees. The notification sets out the index values for the financial years in the accompanying table, beginning with 1981-82 and extending through later years, for use in the statutory inflation-adjustment mechanism for capital gains computation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cost Inflation Index specified for capital gains computation under the Income-tax Act's inflation-adjustment mechanism.
Cost Inflation Index is specified under clause (v) of the Explanation to section 48 of the Income-tax Act, 1961, on the basis of seventy-five per cent of the average rise in the Consumer Price Index for urban non-manual employees. The notification sets out the index values for the financial years in the accompanying table, beginning with 1981-82 and extending through later years, for use in the statutory inflation-adjustment mechanism for capital gains computation.
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