Cost Inflation Index for the Financial Year commencing from the 1st day of April, 2006 specified - 270/2006 - Income Tax

Cost Inflation Index for the Financial Year commencing from the 1st day of April, 2006 specified NOTIFICATION NO. 270/2006, DATED 19-9-2006 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, having regard to seventy-five per cent of the average rise in the Consumer Price Index for the Financial Year commencing from the 1st day of April, 2005 and ending on the 31st day of March, 2006 for the urban non-manual employees, hereby specifies the Cost Inflation Index for the Financial Year commencing from the 1st day of April, 2006 and ending on the 31st day of March, 2007 and for that purpose further 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 Number S.O.709(E), dated the 20th August, 1998, namely:- 'In the said notification, in the Table, after serial number 25 and the entries relatingthereto, the following serial number and the entries relating thereto shall be inserted, namely:- "26 2006-2007 519.". F. No. 142/27/2006-TPL]