Tag Archives: Cost Inflation Index

CII (Cost Inflation Index) for FY 2016-17 notified by CBDT

By | June 7, 2016

CBDT has notified CII (Cost Inflation Index ) for Financial Year 2016-17 (Assessment Year 2017-18 ) at 1125 Read New CII Index Base Year 2001-02 Notified by CBDT for FY 2017-18 onwards MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 42/2016 New Delhi, the 2nd June, 2016 S.O.1948(E).—In exercise of the… Read More »

CII (COST INFLATION INDEX) INCOME TAX- 1981 to 2017

By | December 28, 2015

Cost Inflation Index under Income Tax Act   What is Cost Inflation Index ? Cost Inflation Index (CII) is a measure of inflation that is used for computing long-term capital gains on sale of capital assets under Section 48 of the Income-Tax Act. What are the COST INFLATION INDEX notified by the Government ? Read New CII Index Base Year… Read More »