Laws and sections by number or title, due dates, pages, and updates.
The Central Government specifies the cost inflation index value for the financial year 2015-16 under the Income-tax Act, 1961. Taxpayers use this index value to compute capital gains. The index value for the financial year 2015-16 is 1081.
Key dates
Law this touches
Who is affected
Thresholds
Ask about this notification
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION INCOME-TAX
New Delhi, the 24th July, 2015
S.O. 2031 (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 amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the 20th August, 1998, namely:-
[Notification No. 60 /2015/F.No.142/10/2015-TPL]
[Gaurav Kanaujia]
Director to the 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 last amended vide number S.O. 1498(E), dated the 11th June, 2014.
