New Cost Inflation Index NOTIFIED COST INFLATION INDEX UNDER SECTION 48, EXPLANATION (V) – New cost inflation index for FY 2017-18 onwards As per Notification no. So 1790(e)[no. 44/2017 (f. No. 370142/11/2017-tpl)], dated 5-6-2017, following table should be used for the Cost Inflation Index for calculating long term capital gains for FY 2017-18 (AY 2018-19 ) onwards… Read More »
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 »
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 »
Cost Inflation Index for Financial Year 2015-16 ‘1081’ is notified as Cost Inflation Index for Financial Year 2015-16 Click for Notification