Cost Inflation Index for Financial Year 2021-22 Notified

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CBDT notifies ‘317’ as Cost inflation index for Financial Year 2021-22 / Assessment Year 2022-23 vide Notification No. 73/2021-Income Tax | Dated: 15th June, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi

Notification No. 73/2021-Income Tax | Dated: 15th June, 2021

S.O. 2336(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 5th June, 2017, namely: ‑

2. In the said notification, in the Table, after serial number 20, the following serial number and entries relating thereto, shall be inserted, namely: –

TABLE

Sr. No.

Financial Year

Cost Inflation Index

1 (Base Year)

2001-2002

100

2

2002-2003

105

3

2003-2004

109

4

2004-2005

113

5

2005-2006

117

6

2006-2007

122

7

2007-2008

129

8

2008-2009

137

9

2009-2010

148

10

2010-2011

167

11

2011-2012

184

12

2012-2013

200

13

2013-2014

220

14

2014-2015

240

15

2015-2016

254

16

2016-2017

264

17

2017-2018

272

18

2018-2019

280

19

2019-2020

289

20

2020-2021

301

21

2021-2022

317

  1. This notification shall come into force with effect from 1st day of April, 2022 and shall accordingly apply to the Assessment Year 2022-2023 and subsequent years.

Note: – The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.0.1790(E) dated 5th June, 2017 and was last amended vide S.O. 1879 (E) dated 12th June, 2020.

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Source


Knowledge Source:
Manual Filing of 15CA/15CB up to June 30

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