The Cost Inflation Index (CII) for FY 2016-17 / AY 2017-18 is notified at 1125.
The CII for FY 2015-16 was at 1081 i.e. there is increase by 4% now.
CII is used to calculate Capital Gains on a Capital Asset for Income tax purposes.
To read about History and analysis of CII : http://indiantaxblog.blogspot.in/2016/02/cost-of-index-cii.html
The CII for FY 2015-16 was at 1081 i.e. there is increase by 4% now.
CII is used to calculate Capital Gains on a Capital Asset for Income tax purposes.
To read about History and analysis of CII : http://indiantaxblog.blogspot.in/2016/02/cost-of-index-cii.html
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