CBDT notifies Cost Inflation Index for FY 2018-19 at 280

Cost Inflation Index for FY 2018-19

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(Department of Revenue)
(Central Board of Direct Taxes)
New Delhi, the 13th June, 2018

S.O. 2413(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, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O. 1790(E), dated the 5th June, 2017, namely:-

2. In the said notification, in the Table, after serial number 17, the following serial number and entries relating there to, shall be inserted, namely:-

Sl. No.                    Financial Year                                          Cost Inflation Index

(1)                            (2)                                                              (3)

“18                          2018-19                                                           280”.

3. This notification shall come into force with effect from 1st day of April, 2019 and shall accordingly apply to the Assessment Year 2019-20 and subsequent years.

[Notification No.26/2018/F.No.370142/3/2018-TPL]

Note:- The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(ii),vide number S.O. 1790(E), dated the 5th June, 2017.

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