Cost Inflation Index specified for the Financial Year 2003-2004
X X X X Extracts X X X X
X X X X Extracts X X X X
....the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent of average rise in the Consumer Price Index for the financial year commencing on the 1st day of April, 2002 and on the 31st day of March, 2003 for the urban non-manual employees, hereby specifies the Cost Inflation Index for the Financial year commencing on the 1st....
TaxTMI