CBDT Notified ‘363’ Cost Inflation Index (CII) for Financial Year 2024-25
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- Last Updated on 28 May, 2024
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Notification No. 44/2024, dated 24-05-2024
The Central Board of Direct Taxes (CBDT) notifies the Cost of Inflation Index (CII) every year. It is used to compute long-term capital gains/losses wherein the cost of acquisition/improvement is indexed with reference to the applicable CII of the relevant year.
The CBDT has notified ‘363’ as CII for the Financial Year 2024-25.
CII of 363 shall be used to compute long-term capital gains or losses on the capital assets that have been or are planned to be sold during the financial Year 2024-25.
The CII for the last financial year, i.e., the financial year 2023-24, was 348.
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