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COST INFLATION INDEX FROM 2001-02 GOI NOTIFICATION

CBDT has vice Notification No. 44/2017 notified Cost Inflation indexes with Base Year as 2001-02 for the Financial Year 2001-02 to 2017-18 and same are applicable from Financial Year 2017-18.
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)

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