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CBDT notifies Cost Inflation indexes with Base Year as 2001-02


 Notice Date : 05 June 2017

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:—

TABLE
SI. No. Financial Year Cost Inflation Index
(1) (2) (3)
1 2001-02 100
2 2002-03 105
3 2003-04 109
4 2004-05 113
5 2005-06 117
6 2006-07 122
7 2007-08 129
8 2008-09 137
9 2009-10 148
10 2010-11 167
11 2011-12 184
12 2012-13 200
13 2013-14 220
14 2014-15 240
15 2015-16 254
16 2016-17 264
17 2017-18 272

2. 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)

 

Guest
on 07 June 2017
Notification No : 44/2017
Published in Income Tax
Source : ,










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