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CA IPCC : Revision Test Paper (with Answers) - TAXATION May 2015

40 pages, 49 questions, 2 questions with responses, 2 total responses,    0    0
CA IPCC
Tilak Vidyalaya Higher Secondary School (TVHSS), Kallidaikurichi
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PAPER 4: TAXATION PART I: STATUTORY UPDATE Significant Notifications and Circulars in income-tax and indirect taxes issued between 1st May 2014 and 31st October, 2014 A. INCOME TAX NOTIFICATIONS 1. Notification of Cost Inflation Index for F.Y.2014-15 (Notification No. 31/2014, dated 11-6-2014) The Central Government has, in exercise of the powers conferred by clause (v) of Explanation to section 48, vide this notification specified the Cost Inflation Index for the financial year 2014-15 as 1024. S. No. Financial Year Cost Inflation Index S. No. Financial Year Cost Inflation Index 1. 1981-82 100 18. 1998-99 351 2. 1982-83 109 19. 1999-2000 389 3. 1983-84 116 20. 2000-01 406 4. 1984-85 125 21. 2001-02 426 5. 1985-86 133 22. 2002-03 447 6. 1986-87 140 23. 2003-04 463 7. 1987-88 150 24. 2004-05 480 8. 1988-89 161 25. 2005-06 497 9. 1989-90 172 26. 2006-07 519 10. 1990-91 182 27. 2007-08 551 11. 1991-92 199 28. 2008-09 582 12. 1992-93 223 29. 2009-10 632 13. 1993-94 244 30. 2010-11 711 14. 1994-95 259 31. 2011-12 785 15. 1995-96 281 32. 2012-13 852 16. 1996-97 305 33. 2013-14 939 17. 1997-98 331 34. 2014-15 1024 The Institute of Chartered Accountants of India

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