Income Tax Dept notifies Cost Inflation Index (CII) for FY 2024-2025

This marks an increase from the previous year's index of 348 and 2022-23's index of 331
By Manu Sharma - On May 27, 2024 1:16 pm - 2 mins read
Income Tax Department - Cost Inflation Index - long term capital gains - taxscan

The Income Tax Department has announced the Cost Inflation Index ( CII ) for the fiscal year starting in April 2024, which will be used to calculate long-term capital gains from the sale of immovable property, securities, and jewellery. The CII, essential for adjusting gains from the sale of capital assets for inflation, has been…

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