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Cost Inflation Index for Financial Year 2012-13
What changed
The Central Board of Direct Taxes specifies the Cost Inflation Index value of 852 for the financial year 2012-13. This amendment updates the table in the notification number S.O. 709 (E), dated the 20th August, 1998. Taxpayers apply this index value under the Income-tax Act, 1961.
Key dates
- Date of issue
- 17 Sept 2012
Law this touches
Document text
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION INCOME-TAX
New Delhi, the 17thSeptember 2012
S.O. 2187(E):- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, number S.O.709 (E), dated the 20th August, 1998, namely:-
In the said notification, in the Table, after serial number 31 and the entries relating thereto, the following serial number and entries shall be inserted, namely :-
Sl. No.Financial Year Cost Inflation Index (1) (2) (3) “32 2012-13 852”
[Notification No. 38/2012/F.No.142/2/2012-SO (TPL)]
[Ashis Mohanty] Under Secretary to Government of India
Note:- The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 709(E), dated the 20th August, 1998 and lastly amended vide number S.O.1438 (E), dated the 23rd June, 2011.
Source details
- Official title
- 38/2012 notification 38 date of issue 17/9/2012
- Source
- Central Board of Direct Taxes / Income Tax Department
- Type
- notification
- Published by source
- 17 Sept 2012
- Document number
- S.O. 2187(E)
- Issuing division
- Central Board of Direct Taxes
- Coverage area
- direct-tax