CII index for FY 2023-24 is 348

By | April 11, 2023
(Last Updated On: April 11, 2023)

CII index for FY 2023-24 is 348

The Central Board of Direct Taxes (CBDT) notifies the Cost of Inflation Index (CII) annually. 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.

For the Financial Year 2023-24, the board has notified ‘348’ as CII. This CII shall be used to compute long-term capital gains or losses on the capital assets which have been or are planned to be sold during the financial Year 2023-24.

It should be noted that said CII is a provisional figure, and the board may notify the actual CII later.

Notification 21/2023, dated 10-04-2023

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Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com