Cost Inflation Index specified; government amends notification to update indexation for capital gains tax calculation. The Central Government, under the Explanation to the income-tax provision for indexation, specifies the Cost Inflation Index for the financial year commencing 1 April 2000 and ending 31 March 2001 based on the Consumer Price Index for urban non-manual employees, and amends the earlier notification by adding a new table entry identifying that financial year and its Cost Inflation Index.
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; government amends notification to update indexation for capital gains tax calculation.
The Central Government, under the Explanation to the income-tax provision for indexation, specifies the Cost Inflation Index for the financial year commencing 1 April 2000 and ending 31 March 2001 based on the Consumer Price Index for urban non-manual employees, and amends the earlier notification by adding a new table entry identifying that financial year and its Cost Inflation Index.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
