Thursday , July 23, 2026 |   23:51:25 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
DTAA - Support, management & coordination services do not satisfy make available test as no proprietary technology, skill, or know-how is transferred - consideration for the same is not FTS: ITAT (See Breaking News) TP - For eligible assessee covered by Sec 144C, final assessment order must still be passed within outer limitation prescribed u/s 153, r/w/s Sec 153(4) where TPO reference is made: ITAT (See Breaking News) TP - TPO not justified in narrowing down pool of comparable companies by manipulating manufacturing income filters & introducing arbitrary 2% advertisement cost cap exclusively for domestic assessment: ITAT (See Breaking News) I-T - First proviso to amended Sec 149(1) prohibited issuance of reassessment notice once that old limitation had lapsed: ITAT (See Breaking News) I-T - If salary are paid to overseas group entities by way of actual reimbursements, then no TDS is required u/s 195: ITAT (See Breaking News) DTAA - An agency Permanent Establishment cannot exist when agent acts in ordinary course of its business & is not wholly dependent on a single principal: ITAT (See Breaking News) TP - Comparable may survive functional challenge but still be excluded if it fails accepted quantitative filter such as related party transaction threshold: ITAT (See Breaking News) TP - Principle of consistency runs through previous years treatment of comparables, guarantee/comfort letter pricing: ITAT (See Breaking News) I-T - Receipts from sale of software cannot be taxed as royalty merely because customer receives limited right to use software: ITAT (See Breaking News) INTL - Per settled precedent, sale of software and ancillary support services cannot be taxed as royalty & consideration received therefor is not taxable as fees for technical service: ITAT (See Breaking News) Govt notifies amending Protocol to India-Sri Lanka DTAA Global Min Tax: Reform is on track, says OECD (See Brief) TP - If facts surrounding intra-group foreign currency loan remain unchanged from earlier years, arm's length interest rate should be consistently benchmarked in line with earlier decision: ITAT (See Breaking News) I-T - DRP mechanism u/s 144C does not operate outside or independent of limitation framework: ITAT (See Breaking News) TP - AO must pass final assessment order within stipulated period of one month; order passed beyond such period is barred by limitation: ITAT (See Breaking News) TP - Under TNMM, relevant parameter is operating profit, since PBT may include non-operating items and can distort real operating performance: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >>
 

CBDT notifies Cost Inflation Index for FY 2023-24
By TII News Service
Apr 10, 2023 , New Delhi

    

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI

NOTIFICATION NO

21/2023, Dated: April 10, 2023

S.O. 1692(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 makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O. 1790(E), dated the 5th June, 2017, namely:-

2. In the said notification, in the TABLE, after serial number 22, the following serial number and entries relating thereto, shall be inserted, namely:-

TABLE

Sl. No.
Financial Year
Cost Inflation Index (provisional)
(1)
(2)
(3)
"23 2023-24 348".

3. This notification shall come into force with effect from the 1st day of April, 2024 and shall, accordingly, apply in relation to the assessment year 2024-25 and subsequent assessment years.

[F.No.370142/5/2023-TPL]

(Raman Chopra)
Jt. Secy.

Note:- The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 1790(E), dated the 5th June, 2017 and last amended by the notification number S.O 2735(E), dated the 14th June, 2022.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.