CBDT notifies 376 as cost inflation index - Taxindiainternational.com

INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI

About Us

Newsletters

NEWS FLASH

TP - Goods supplied by low risk distributor without any value addition, without incurring any cost on account of finance charges, can be benchmarked by applying berry ratio: ITAT (See Breaking News)

TP - ALP of management fees paid to AEs can't be taken at NIL, for failure of assessee to establish commercial benefit out of such transaction: ITAT (See Breaking News)

I-T - Cost-to-cost reimbursement of salary of seconded employees without any markup, without having element of profit, is not taxable in hands of non-resident company: ITAT (See Breaking News)

TP - Forex gain/loss earned/incurred by assessee and other comparables needs to be considered as part of operating revenue/cost: ITAT (See Breaking News)

I-T - There is no prohibition with regard to hierarchy of set off of short term capital gain (STCG) arising out of securities transaction tax (STT) paid shares against STCG arising out of non-STT paid shares: ITAT (See Breaking News)

I-T- Following amendment to Rule 128(9) of I-T Rules, effective from 01.04.2022, allowed FTC claims even if Form No. 67 was filed after the due date prescribed therefor: ITAT (See Breaking News)

I-T - Salary payment made outside India is not covered by section 40(a)(i) and rather covered by section 40(a)(iii), and therefore, does not attract TDS u/s 195: ITAT (See Breaking News)

TP - If salary paid to global sales personnel is intrinsically linked to sale of software products & services to AE which was benchmarked using TNMM, TPO can't separately cull out salary cross charge and make separate adjustment: ITAT (See Breaking News)

I-T - If foreign automated Computer Information System pays 33% of booking fees to distributors, no income is attributable to tax in India: ITAT (See Breaking News)

TP- Imputed interest on trade receivables not an international transaction - comparables excluded due to functional dissimilarity – prior year ruling followed: ITAT (See Breaking News)

I-T-Assessment u/s 147 r/w 144 quashed & case remanded where ex parte proceedings violate principles of natural justice: ITAT (See Breaking News)

TP - AO must carryout verification of internal TNMM applied by assessee for international transaction with AEs for export of spare parts and components manufactured by it and so far as export to AEs: ITAT (See Breaking News)

INTL - A transaction involving sale of property & resultant capital gains cannot be taxed again where such proceeds were already taxed in an earlier AY: ITAT (See Breaking News)

TP - Transfer pricing order passed in name of non-existent entity is nullified in law, more so where intimation of merger was given before order was passed: ITAT (See Breaking News)

I-T- Additions framed u/s 69A not tenable where relevant amounts are received through banking channels and transactions are supported by documentation: ITAT (See Breaking News)

DTAA - Freight income earned via slot or feeder arrangements is integral to international shipping & is covered under Article 8 of India-Germany DTAA; such income is not taxable in India u/s 44B: ITAT (See Breaking News)

I-T - Offshore supplies / revenue could not be held as taxable in India: ITAT (See Breaking News)

TII SEARCH

Home >>

CBDT notifies 376 as cost inflation index
By TII News Service
Jul 02, 2025 , New Delhi

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

NOTIFICATION NO

70/2025; Dated: July 01, 2025

S.O. 2954(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, Part II, section 3, sub-section (ii) vide number S.O. 1790(E), dated the 5th June, 2017, namely:-

2. In the said notification, in the Table, after serial number 24 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -

"25

2025-26

376".

3. This notification shall come into force on the 1st day of April, 2026 and shall accordingly apply to the Assessment Year 2026-27 and subsequent years.

[F.No.370142/24/2025-TPL]

(Samuel Pitta)
Dy. Secy. (Tax Policy and Legislation)

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 was last amended vide notification number S.O. 2103(E), dated the 24th May, 2024.

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.

TIOL GROUP WEBSITES