Case law › Notifications › 2019 › Notification No. 63/2019 [F. No. 370142/11/2019-TPL] /SO 3266(E)

Notification 12 September 2019

Notification No. 63/2019 [F. No. 370142/11/2019-TPL] /SO 3266(E)

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

What this is

Notification No. 63/2019 [F. No. 370142/11/2019-TPL] /SO 3266(E) was published on 12 September 2019. Its subject is 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)].

What it does

In exercise of the power under clause (v) of the Explanation to section 48 of the Income-tax Act, 1961, the Central Government further amends the Cost Inflation Index notification S.O. 2413(E) dated 13 June 2018. In the Table to that notification, after serial number 18, a new serial number 19 is inserted giving the Cost Inflation Index for the financial year 2019-20 as 289. The notification comes into force with effect from 1 April 2020 and applies to assessment year 2020-21 and subsequent years.

Who it reaches

persons computing long-term capital gains on transfers made in financial year 2019-20
chartered accountants and valuers indexing cost of acquisition and improvement
assessing officers checking indexed cost in capital gains computations

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 12th September, 2019
(INCOME-TAX)

S.O. 3266(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 Official Gazette, vide number S.O. 2413(E), dated the 13th June, 2018, namely:—

2. In the said notification, in the Table, after serial number 18 and the entries relating thereto, the following serial number and entries, shall be inserted, namely:—

| Sl. No. | Financial Year | Cost Inflation Index |
|---------|---|---|
| 19 | 2019-20 | 289 |

3. This notification shall come into force with effect from the 1st day of April, 2020 and shall accordingly apply to the Assessment Year 2020-2021 and subsequent years.

[Notification No. 63/2019/F. No. 370142/11/2019-TPL]

PRAVIN RAWAL, Director (Tax Policy and Legislation)

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 2413(E), dated the 13th June, 2018.

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 2020, applying to assessment year 2020-21 and subsequent years.

What to watch

It comes into force on 1 April 2020 and applies to assessment year 2020-21 onwards, the year in which financial year 2019-20 transfers fall to be assessed.
Only serial number 19 is inserted; the indices for earlier years in the Table are unchanged.
The index matters only where indexation is available on the transfer in question.
The Table is to be read as it stands in the principal notification S.O. 2413(E) dated 13 June 2018 with this insertion.

Where you meet it

In the capital gains schedule of the return for assessment year 2020-21, wherever the indexed cost of a long-term capital asset transferred in financial year 2019-20 is worked out.

An example

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

On a long-term asset transferred in financial year 2019-20, the index for the year of transfer to be used in the indexation fraction is 289, as inserted at serial number 19 of the Table.

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

← Notification No. 62/2019 [F.No. 370149/154/2019-TPL] /SO 3265(E) · Notification No. 60/2019 [F.No.370142/14/2018-TPL]/SO 3215(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.