Cost Inflation Index for FY 2016-17 is 1125 CBDT Notification 42/2016 dated 02/06/2016. CII for FY 2015-16 was 1081. The increase is 4.07%
June 7, 2016
Income Tax
MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 42/2016 New Delhi, the 2nd June, 2016 INCOME-TAX S.O.1948(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 …