15 Jun 2022 | ‘331’ notified as Cost Inflation Index for Financial Year 2022-23 | NOTIFICATION NO. 62/2022 | Income Tax | Circulars & Notifications

The CBDT vide Notification No. 62/2022 – Income-Tax dated June 14, 2022, has issued amendments in Notification No. 44/2017 – Income-Tax dated June 5, 2017 (“N/N 44”), which specified the applicable Cost Inflation Index (“CII”) for certain Financial Years, in order to notify the applicable CII for Assessment Year 2023-2024, w.e.f. April 1, 2023, in a following manner:

New SI. No. 22 in N/N 44 has been inserted to notify the applicable CII for Assessment Year 2023-2024, which reads as below:

The Notification can be accessed at Notification 62/2022 / Dt.15/06/2022