Cost Inflation Index for FY 2016-17 notified

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

Cost of Inflation Index (CII) used for Capital Gains and analysis

The Cost of Inflation Index (CII) is published by CBDT every year for the purpose of computation of Capital Gains.
This Index Number series started from 1981, thus the Index for Base Period is always 100.

Financial Year	CII	Increase in Points	% Increase
Before 1/4/1981	100
1981-82	100	-	-
1982-83	109	9	9%
1983-84	116	7	6%
1984-85	125	9	8%
1985-86	133	8	6%
1986-87	140	7	5%
1987-88	150	10	7%
1988-89	161	11	7%
1989-90	172	11	7%
1990-91	182	10	6%
1991-92	199	17	9%
1992-93	223	24	12%
1993-94	244	21	9%
1994-95	259	15	6%
1995-96	281	22	8%
1996-97	305	24	9%
1997-98	331	26	9%
1998-99	351	20	6%
1999-00	389	38	11%
2000-01	406	17	4%
2001-02	426	20	5%
2002-03	447	21	5%
2003-04	463	16	4%
2004-05	480	17	4%
2005-06	497	17	4%
2006-07	519	22	4%
2007-08	551	32	6%
2008-09	582	31	6%
2009-10	632	50	9%
2010-11	711	79	13%
2011-12	785	74	10%
2012-13	852	67	9%
2013-14	939	87	10%
2014-15	1024	85	9%
2015-16	1081	57	6%
2016-17	1125	44	4%

Cost Inflation Index for FY 2014-15 / AY 2015-16 fixed at 1024

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUBSECTION (II)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF DIRECT TAXES

NOTIFICATION

INCOME-TAX

New Delhi, the 11th June, 2014
 
S.O. 1498(E)- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (42 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the 20th August, 1998, namely:-

2. In the said notification, in the Table, after serial number 33 and the entries relating thereto, the following serial number and entries shall be inserted, namely:-
Sl. No.                 Financial Year         Cost Inflation Index
  (1)                         (2)                             (3)
 “34                     2014-15                       1024” 
[Notification No. 31/2014/F.No.142/3/2014-TPL]
 
[Ashis Mohanty]
Under secretary to Government of India
Note:- The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(ii), vide number S.O.709(E), dated the 20th August, 1998 and lastly amended vide number S.O.1464 (E), dated the 6th June, 2013.