Income Tax Updates: Cost Inflation Index is 280 for FY 2018-19

Central Board of Direct Taxes (CBDT) has notified the cost inflation index (CII) at 280 for FY 2018-19. By issuing a notification dated 13th June, 2018, CBDT has added an entry for FY 2018-19 for Cost Inflation Index at 280.

CBDT further clarifies that this changes will come into force with effect from 01st day of April, 2019 and shall apply to AY 2019-20 and subsequent years.

You can find below the copy of Notification issued by CBDT.