Case law › Notifications › 2018 › Notification No. 26/2018 [F.No. 370142/3/2018-TPL] / SO 2413(E)

Notification 13 June 2018

Notification No. 26/2018 [F.No. 370142/3/2018-TPL] / SO 2413(E)

2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)]

What this is

Notification No. 26/2018 [F.No. 370142/3/2018-TPL] / SO 2413(E) was published on 13 June 2018. Its subject is 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)].

What it does

The Central Government, under clause (v) of the Explanation to section 48 of the Income-tax Act, 1961, further amends the cost inflation index notification S.O. 1790(E) dated 5 June 2017. In the Table, after serial number 17, a new serial number 18 is inserted giving the Cost Inflation Index of 280 for the financial year 2018-19.

Who it reaches

Persons computing long-term capital gains on transfers made in the financial year 2018-19
Chartered accountants and valuers preparing capital gains computations
Assessing officers verifying indexed cost of acquisition

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.3	s.3
s.48	s.2, s.72

The instrument, as the Board published it

The department publishes this one only as a PDF, so the words below were read out of that PDF by machine. That reading can carry its own mistakes — a misread number, a broken line. Check the signed document before you rely on a figure in it.

2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]

MINISTRY OF FINANCE
(Department of Revenue)
(Central Board of Direct Taxes)
NOTIFICATION

New Delhi, the 13th June, 2018

INCOME-TAX

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 thereto, 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]

PRAVIN RAWAL, Director (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.

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

From when

1 April 2019.

What to watch

The notification comes into force with effect from 1 April 2019 and applies to assessment year 2019-20 and subsequent years.
It only adds the index for financial year 2018-19; the earlier entries in the Table are untouched.
The index is to be used with the base year and Table as they stand in the principal notification of 5 June 2017.

Where you meet it

In the capital gains schedule of the return for assessment year 2019-20, where indexed cost of acquisition or improvement is worked out under the second proviso to section 48.

An example

Ours, not the Board’s: a worked case built from the rule the instrument sets, to show how it falls out.

Where an asset is transferred in the financial year 2018-19, the indexed cost is arrived at by multiplying the cost of acquisition by 280 and dividing by the Cost Inflation Index of the year in which the asset was first held.

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. 94/2026 [F. No. 370142/24/2026-TPL] / G.S.R. 646(E) : Income-tax (Second Amendment) Rules, 2026 : Amendment of rule 157 of the Income tax Rules, 2026 to align the definition of the specified fund with rule 114AAB of the Income tax Rules, 1962 — Ministry of Finance 21 July 2026
Notification No. 64 — [भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 7 16 April 2026
Notification No. 63/2026 [F. No. 370142/13/2026-TPL]/ GSR 268(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(i)] 10 April 2026
Notification No. 62/2026 [F. No. 370142/10/2026-TPL]/ GSR 267(E) — Ministry of Finance 10 April 2026
Notification No. 61/2026 [F. No. 370142/9/2026-TPL] / GSR 266(E) — [भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 10 April 2026
Notification No. 60/2026 [F. No. 370142/8/2026-TPL]/ GSR 265(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(i)] 10 April 2026

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.