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CBDT notifies Cost Inflation Index (CII) for FY 2022-23 at 331 vide Notification No. 62/2022-Income Tax dated 14th June, 2022. Official notification has been mentioned below. Ministry Of Finance (Department Of Revenue) (Central Board of Direct Taxes) New Delhi Notification No. 62/2022-I
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FAQ :
The Cost Inflation Index (CII) for the Financial Year 2022-23 has been notified as 331 by the CBDT.
The Central Board of Direct Taxes (CBDT) notified the Cost Inflation Index.
This notification comes into force from 1st April 2023 and will apply to Assessment Year 2023-24 and subsequent years.
The notification is made in exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961.
The principal notification was published on 5th June 2017 and was last amended on 15th June 2021.
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