Cost Inflation Index Notified for FY 2023-24

Central Board of Direct Taxes (‘CBDT’) vide Notification No. 21/2023 dated 10th April 2023 has notified the Cost Inflation Index (‘CII’) for the FY 2023-24 for calculating the Indexed Cost of acquisition and thereby to determine the Long-term Capital Gains.


S. 48 of the Income tax Act, 1961 (‘ITA’) provides that the income chargeable under the head Capital gains is to be computed by deducting from the full value of consideration, the cost / indexed cost of acquisition of the asset.

cost inflation index notified for the fy 2023-24

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