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.
