Cost Inflation Index FY 23-24

Cost Inflation Index for the Financial Year 23-24 is notified by the CBDT on 10th April 2023.

It is 348.

Meaning? -> According to CBDT any asset which was of the value 100 rupees in the year 2001 is now worth 348 and the same to be done for determining calculation of cost for the purpose of taxation on capital assets.