Cost Inflation Index as applicable from Financial Year 2017-18 i.e. Assessment Year 2018-219 - Seeks to amend Notification No. 44/2017 dated 5th June, 2017 - 21/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) INCOME-TAX NOTIFICATION NO. 21/2023 New Delhi, the 10th April, 2023 S.O. 1692(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 Gazette of India, Extraordinary, vide number S.O. 1790(E), dated the 5th June, 2017 , namely:- 2. In the said notification, in the TABLE, after serial number 22, the following serial number and entries relating thereto, shall be inserted, namely:- TABLE Sl. No. Financial Year Cost Inflation Index (provisional) (1) (2) (3) 23 2023-24 348 . 3. This notification shall come into force with effect from the 1st day of April, 2024 and shall, accordingly, apply in relation to the assessment year 2024-25 and subsequent assessment years. [F.No.370142/5/2023-TPL] RAMAN CHOPRA, Jt. Secy. Note:- The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 1790(E), dated the 5th June, 2017 and last amended by the notification number S.O 2735(E), dated the 14th June, 2022.