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Cost Inflation Index(CII) for FY 2024-25 (AY 2025-26): Check out cost inflation index chart from 2001-02 to 2024-25. Cost Inflation index also called Capital gain index is used to calculate the indexed cost of acquisition for long-term capital gain tax.
25 Μαΐ 2024 · Section 48 of the Income-Tax Act defines the index as what is notified by the Central Government every year, having regard to 75 per cent of average rise in the consumer price index (CPI) for urban non-manual employees for the immediately preceding previous year.
10 Σεπ 2024 · As per income tax law, the base year for the Cost Inflation Index is FY 2001-02. Previous to the amendment made by the Finance Act 2017, the base year was 1981-82.
6 Ιουν 2024 · The Cost Inflation Index (CII) is a measure of inflation used in the computation of long-term capital gains on the sale of assets, as per Section 48 of the Income Tax Act, 1961. The Central Board of Direct Taxes (CBDT) notifies the CII annually.
13 Ιουν 2023 · The CBDT has announced that the ‘Cost Inflation Index (CII)’ in respect of Financial Year 2023-24 (Assessment Year 2024-25) shall be 348, which has been increased from 331 announced earlier for the last financial year 2022-23. The CII is used for calculating ‘long term capital gains (LTCG)’ under Income Tax.
23 Ιουλ 2024 · Here is the Cost Inflation Index (CII) from FY 2024-25 to FY 2001-02: This table provides a clear and concise overview of the Cost Inflation Index over the years, which is crucial for...
12 Σεπ 2019 · What is the Cost of Inflation Index (CII) from FY 2001-02 to FY 2024-25 in India? The latest Cost Inflation Index (CII) for the Financial Year FY 2024-25 and Accounting Year (AY 2025-26) has been declared and is 363. More details here. The CII is used to notify the rate of inflation for indexation purposes in India every financial year.