Cost inflation index for the year 2017-18 is notified at 272 (CBDT Notification dated 05th June 2017)

Cost inflation index under Income Tax Act with base year as 2001 is 100 and Cost Inflation Index for the year 2017-18 is 272. 


Refer CBDT notification dated 05th June 2017: 

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TEXES)
NOTIFICATION
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:—
Sl.No.
Financial Year
Cost Inflation Index
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
12
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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