COST INFLATION INDEX (CII) for FY 2008-09 (AY 2009-10)

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SECTION 48, EXPLANATION (V) OF THE INCOME-TAX ACT, 1961 - NOTIFIED COST INFLATION INDEX FOR FINANCIAL YEAR 2008-09


NOTIFICATION NO. 86/2008, DATED 13-8-2008


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, 2007 and ending on the 31st day of March, 2008 for the urban non-manual employees, hereby specifies the Cost Inflation Index for the Financial Year commencing from the 1st day of April, 2008 and ending on the 31st day of March, 2009 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 27 and the entries relating, thereto, the following serial number and entries shall be inserted, namely
2008-09 582

1981-82 - 100 1993-94 - 244

1982-83 - 109 1994-95 - 259

1983-84 - 116 1995-96 - 281

1984-85 - 125 1996-97 - 305

1985-86 - 133 1997-98 - 331

1986-87 - 140 1998-99 - 351

1987-88 - 150 1999-00 - 389

1988-89 - 161 2000-01 - 406

1989-90 - 172 2001-02 - 426

1990-91 - 182 2002-03 - 447

1991-92 - 199 2003-04 - 463

1992-93 - 223 2004-05 - 480

2005-06 - 497

2006-07 - 519

2007-08 - 551

2008-09 - 582

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