25 May CBDT notified “363” as Cost Inflation Index (CII) for the F.Y 2024-25
The CBDT vide Notification No. 44/2024 dated May 24, 2024, makes 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 June 05, 2017, namely:—
In the said notification, in the Table, after serial number 23, the following serial number and entries relating thereto, shall be inserted, namely:—
|
Sl. No.
|
Financial Year
|
Cost Inflation Index
|
|---|---|---|
|
(1)
|
(2)
|
(3)
|
|
“24
|
2024-25
|
363”
|
This notification shall come into force with effect from the 1st day of April, 2025 and shall accordingly apply in relation to the assessment year 2025-26 and subsequent assessment years.
The Notification can be accessed at: https://www.nyca.in/wp-content/uploads/2024/05/CBDT_notified_363_as_Cost_Inflation_Index_CII_for_the_F.Y_2024-25.pdf
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