The Cost Inflation Index (CII) for the Financial Year 2013-14 has been announced by CBDT (Central Board of Direct Taxes) at 939 vide Notification no.40/2013[F.NO.142/7/2013-TPL]/SO 1464(E), Dated June 6, 2013. Now Capital Gain Index for Financial year 2013-14 is 939.
For the previous Financial Year 2012-13 the said CII was at 852
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 amendment 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;
In the said notification, in the Table, after serial 32 and entries relating thereto, the following serial number and entries shall be inserted, namely;