https://www.taxtmi.com/news?id=13051 The amendment replaces the discontinued CPI for urban non-manual employees with the Consumer Price Index (Urban) as the CPI series to be used when the Central Government notifies the Cost Inflation Index, retaining the prior requirement to have regard to seventy-five percent of the average rise in the CPI (Urban) for the immediately preceding year; the change is effective from 1 April 2016 and applies to assessment year 2016-17 and thereafter. en-us Sun, 13 Jul 2014 16:31:00 +0530 Sun, 13 Jul 2014 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13051 The amendment replaces the discontinued CPI for urban non-manual employees with the Consumer Price Index (Urban) as the CPI series to be used when the Central Government notifies the Cost Inflation Index, retaining the prior requirement to have regard to seventy-five percent of the average rise in the CPI (Urban) for the immediately preceding year; the change is effective from 1 April 2016 and applies to assessment year 2016-17 and thereafter. News - Sun, 13 Jul 2014 16:31:00 +0530 https://www.taxtmi.com/news?id=13051