CBDT : Cost Inflation indexes CII - with Base Year as 2001-02, 2017-18 CII 272..!

CBDT : Cost Inflation indexes CII - with Base Year as 2001-02, 2017-18 CII 272..!

CBDT has vice Notification No. 44/2017 notified Cost Inflation indexes with Base Year as 2001-02 for the Financial Year 2001-02 to 2017-18 and same are applicable from Financial Year 2017-18.

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TEXES)

NOTIFICATION NO. 44/2017

New Delhi, the 5th June, 2017

INCOME-TAX

S.O. 1790(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 specifies the Cost Inflation Index as mentioned in column (3) of the Table for the Financial Years mentioned in the corresponding entry in column (2) of the said Table, namely:—

 Financial Year        Cost Inflation Index

                 2001-02             100

                2002-03               105

               2003-04                 109

               2004-05                  113

               2005-06                 117

               2006-07                 122

               2007-08                 129

              2008-09                  137

             2009-10                  148

             2010-11                   167

            2011-12                   184

            2012-13                    200

            2013-14                  220

            2014-15                  240

            2015-16                   254

            2016-17                   264

           2017-18                       272

This notification shall come into force with effect from 1st day of April, 2018 and shall accordingly apply to the assessment year 2018-19 and subsequent years.

Notification No. 44/2017/F.No.370142/11/2017-TPL

ABHISHEK GAUTAM,

Under Secy. (Tax Policy & Legislation)

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