S.O. 709(E)

Cost Inflation Index as mentioned in column (3) of the Table below for the Financial Year (including the financial year 1998-99) m specified under section 48

What this is

S.O. 709(E) was published on 20 August 1998. Its subject is Cost Inflation Index as mentioned in column (3) of the Table below for the Financial Year (including the financial year 1998-99) m specified under section 48.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.48	s.2, s.72

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

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 urban non-manual employees, hereby specifies the Cost Inflation Index as mentioned in column (3) of the Table below for the Financial Year (including the financial year 1998-99) mentioned in the corresponding entry in column (2) of the said Table, namely:---

TABLE ------- Sl. No. Financial year Cost Inflation Index (1) (2) (3) ------- 1 1981-82 100 2 1982-83 109 3 1983-84 116 4 1984-85 125 5 1985-86 133 6 1986-87 140 7 1987-88 150 8 1988-89 161 9 1989-90 172 10 1990-91 182 11 1991-92 199 12 1992-93 223 13 1993-94 244 14 1994-95 259 15 1995-96 281 16 1996-97 305 17 1997-98 331 18 1998-99 351 -------

(Sd.) D. Karunakara Rao, Under Secretary to the Government of India. [No. 10673/F. No. 142/25/98-TPL]

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 70/2025 [F. No. 370142/24/2025-TPL)] / S.O. 2954(E) — Ministry of Finance 1 July 2025
Notification No. 44/2024 [F.No.370142/10/2024-TPL] / SO 2103(E) — Ministry of Finance 24 May 2024
Notification No. 39/2023 [F. No.370142/5/2023-TPL] / SO 2571(E) — Ministry of Finance 12 June 2023
Notification No. 21/2023 [F.No.370142/5/2023-TPL] / SO 1692(E) — Ministry of Finance 10 April 2023
Notification No. 62/2022 [F. No. 370142/20/2022-TPL] / SO 2735(E) — Ministry of Finance 14 June 2022
Notification No. 73/2021 [F.No.370142/10/2021-TPL] / SO 2336(E) — Ministry of Finance 15 June 2021

← S.O. 710(E) · S.O. 410(E) →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.