Thursday, 28 August 2014

Cost of Inflation finder upto 2014-15 for computation of Capital Gain

What is Cost Inflation Index - The cost of inflation index (CII) is notified by the government every year, commencing from the base financial year 1981-82.This index gradually increase every year due to inflation. Cost Inflation is required to calculate Long term capital gain under Income Tax Act -1961.Under indexation you are allowed to inflate the cost of your Assets by a government notified inflation factor.

For computation of capital Gain this CII finder will help you to find out CII.  Select year of purchase or Sale up to FY 2014-15 and find out the cost of inflation.

2 comments:

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  2. i was having a hard time getting done with the topic as i had no idea what it meant or anything. thanks to this post a lot of my complications are cleared

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