Change in Base year for indexed Cost of Acqusition :

CLAUSE(S) OF FINANCE BILL, 2017	PARTICUL ARS OF AMENDME NTS	SECTION	AMENDMENT / NEWLY INSERTED	APPLICABLE W.E.F.	BRIEF OF AMENDMENT
24	Change in Base year for indexed Cost of Acqusition	Clause iii to explanation of section 48	Amendment	1/4/2018	Owing to change in base year from 01/04/1981 to 01/04/2001, consequential amendments are made in finance bill in respect of base year for calculation of Indexed Cost of Acquisition.