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Central Board of Direct Taxes (CBDT) issued notification no. 70/2025 dated 01.07.2025 to amend Notification no. 44/2017 (S.O.1790(E)) dated 05.06.2017 which provides for Cost Inflation Index.
In the said Notification dated 05.06.2017, a new serial no. 24 is inserted in the table therein, as below –
| “25 | 2025-26 | 376″. |
By this the Cost Inflation Index for FY 2025-26 is notified as 376.
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CBDT issued notification no. 21/2025 dated 25.03.2025 to amend the Income-tax Rules 1962. These rules may be called the Income-tax (Sixth Amendment) Rules, 2025
CBDT issued notification no. 1/2025 dated 02.01.2025 whereby the Central Government notifies ‘Karnataka State Horticulture Development Agency’ (PAN: AAALE0284C), a Society constituted by the Government of Karnataka, for the purposes of the clause (46) of section 10 of Income tax Act, in respect of the specified income arising to that Society.
CBDT issued notification no. 119/2024 dated 19.11.2024 to hereby notify for the purpose of Section 10(46) of the Income-tax Act, 1961 (43 of 1961) ‘District Legal Service Authority’ constituted by Government of Haryana for every District in the State of Haryana in exercise of powers conferred by sub-section (1) of section 9 of the Legal Services Authorities Act, 1987 (Central Act No. 39 of 1987), as a ‘class of body’ in respect of the following specified income arising to that body.