{"id":296,"date":"2015-08-07T07:13:26","date_gmt":"2015-08-07T07:13:26","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=296"},"modified":"2024-05-25T05:59:04","modified_gmt":"2024-05-25T05:59:04","slug":"update-cost-inflation-index","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/update-cost-inflation-index\/","title":{"rendered":"Cost Inflation Index for computation of capital gains"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4866\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2015\/08\/UPDATED-COST-INFLATION-INDEX..jpg\" alt=\"UPDATED COST INFLATION INDEX.\" width=\"835\" height=\"486\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dece6b9e5ba\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dece6b9e5ba\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/update-cost-inflation-index\/#Cost_Inflation_Index\" title=\"Cost Inflation Index \">Cost Inflation Index <\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/update-cost-inflation-index\/#Calculation_Example\" title=\"Calculation Example\">Calculation Example<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/update-cost-inflation-index\/#Purpose_of_CII\" title=\"Purpose of CII\">Purpose of CII<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/update-cost-inflation-index\/#Example_Calculation\" title=\"Example Calculation\">Example Calculation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/update-cost-inflation-index\/#Cost_Inflation_Index_for_FY24-25_is_363\" title=\"Cost Inflation Index for F.Y.24-25 is 363\">Cost Inflation Index for F.Y.24-25 is 363<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/update-cost-inflation-index\/#What_is_take_the_Base_Year_in_CII_Index\" title=\"What is take the Base Year in CII Index?\">What is take the Base Year in CII Index?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/update-cost-inflation-index\/#Cost_Inflation_Index_specified_for_the_purpose_of_Old_year_computation_of_capital_gains_are_as_follows\" title=\"Cost Inflation Index specified for the purpose of Old year computation of capital gains are as follows:-\u00a0\">Cost Inflation Index specified for the purpose of Old year computation of capital gains are as follows:-\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Cost_Inflation_Index\"><\/span><span style=\"color: #000080;\"><strong>Cost Inflation Index <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Cost Inflation Index (CII) is a tool used in India to adjust the purchase price of assets for inflation, primarily for the purpose of calculating capital gains tax. The index is published annually by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance.\u00a0 The CII plays a crucial role in income tax calculations, especially for long-term capital gains, by allowing taxpayers to inflate the purchase price of an asset, thus reducing the taxable gains and consequently the tax liability. For example, if you purchased a property in a previous year and are selling it now, the CII helps adjust its cost to reflect the current value considering inflation, which can significantly lower your capital gains tax\u200b<\/p>\n<p>The CII is used to adjust the purchase price of assets for inflation, ensuring fair taxation on long-term capital gains. Here&#8217;s a detailed explanation and example of how to use the CII:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Calculation_Example\"><\/span>Calculation Example<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you acquired a property in the financial year 2005-06 for \u20b920,00,000 and sold it in the financial year 2023-24, you can calculate the indexed cost of acquisition as follows:<\/p>\n<ol>\n<li><strong>Determine the CII values:<\/strong>\n<ul>\n<li>CII for FY 2005-06: 117<\/li>\n<li>CII for FY 2023-24: 348<\/li>\n<\/ul>\n<\/li>\n<li><strong>Calculate the Indexed Cost of Acquisition:<\/strong>\n<div class=\"math math-display\"><span class=\"katex-display\"><span class=\"katex\"><span class=\"katex-mathml\">Indexed\u00a0Cost\u00a0of\u00a0Acquisition=(CII\u00a0for\u00a0FY\u00a02023-24CII\u00a0for\u00a0FY\u00a02005-06)\u00d7Cost\u00a0of\u00a0Acquisition<\/span><span class=\"katex-html\" aria-hidden=\"true\"><span class=\"base\"><span class=\"mord text\"><span class=\"mord\">Indexed\u00a0Cost\u00a0of\u00a0Acquisition<\/span><\/span><span class=\"mrel\">=<\/span><\/span><span class=\"base\"><span class=\"minner\"><span class=\"mopen delimcenter\"><span class=\"delimsizing size3\">(<\/span><\/span><span class=\"mord\"><span class=\"mfrac\"><span class=\"vlist-t vlist-t2\"><span class=\"vlist-r\"><span class=\"vlist\"><span class=\"mord text\">CII\u00a0for\u00a0FY\u00a02005-06<\/span><span class=\"mord text\">CII\u00a0for\u00a0FY\u00a02023-24<\/span><\/span><span class=\"vlist-s\">\u200b<\/span><\/span><\/span><\/span><\/span><span class=\"mclose delimcenter\"><span class=\"delimsizing size3\">)<\/span><\/span><\/span><span class=\"mbin\">\u00d7<\/span><\/span><span class=\"base\"><span class=\"mord text\"><span class=\"mord\">Cost\u00a0of\u00a0Acquisition<\/span><\/span><\/span><\/span><\/span><\/span><\/div>\n<div class=\"math math-display\"><span class=\"katex-display\"><span class=\"katex\"><span class=\"katex-mathml\">Indexed\u00a0Cost\u00a0of\u00a0Acquisition=(348117)\u00d720,00,000=59,48,717.94<\/span><span class=\"katex-html\" aria-hidden=\"true\"><span class=\"base\"><span class=\"mord text\"><span class=\"mord\">Indexed\u00a0Cost\u00a0of\u00a0Acquisition<\/span><\/span><span class=\"mrel\">=<\/span><\/span><span class=\"base\"><span class=\"minner\"><span class=\"mopen delimcenter\"><span class=\"delimsizing size3\">(<\/span><\/span><span class=\"mord\"><span class=\"mfrac\"><span class=\"vlist-t vlist-t2\"><span class=\"vlist-r\"><span class=\"vlist\">117348<\/span><span class=\"vlist-s\">\u200b<\/span><\/span><\/span><\/span><\/span><span class=\"mclose delimcenter\"><span class=\"delimsizing size3\">)<\/span><\/span><\/span><span class=\"mbin\">\u00d7<\/span><\/span><span class=\"base\"><span class=\"mord\">20<\/span><span class=\"mpunct\">,<\/span><span class=\"mord\">00<\/span><span class=\"mpunct\">,<\/span><span class=\"mord\">000<\/span><span class=\"mrel\">=<\/span><\/span><span class=\"base\"><span class=\"mord\">59<\/span><span class=\"mpunct\">,<\/span><span class=\"mord\">48<\/span><span class=\"mpunct\">,<\/span><span class=\"mord\">717.94<\/span><\/span><\/span><\/span><\/span><\/div>\n<\/li>\n<\/ol>\n<p>Thus, the indexed cost of acquisition of the property would be approximately \u20b959,48,717. This amount is used to determine the capital gains for tax purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Purpose_of_CII\"><\/span>Purpose of CII<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The CII helps in mitigating the impact of inflation on capital gains, ensuring that taxpayers are taxed on real gains rather than nominal gains. This adjustment lowers the taxable gains and reduces the tax liability for the taxpayer. Using the CII helps in reducing the tax burden on long-term capital gains by accounting for the inflationary increase in asset prices. This makes the taxation system more equitable as it taxes the real gain rather than the nominal gain.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Example_Calculation\"><\/span>Example Calculation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Here&#8217;s a practical illustration using the figures provided:<\/p>\n<ul>\n<li><strong>Original Cost of Acquisition:<\/strong> \u20b920,00,000<\/li>\n<li><strong>CII for FY 2005-06:<\/strong> 117<\/li>\n<li><strong>CII for FY 2023-24:<\/strong> 348<\/li>\n<\/ul>\n<p>Using the formula, the indexed cost of acquisition is calculated to be approximately \u20b959,48,717.94.<\/p>\n<p><strong><span style=\"text-decoration: underline;\">UPDATED COST INFLATION INDEX<\/span><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4867\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2015\/08\/Index.jpg\" alt=\"cost Index \" width=\"844\" height=\"1171\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2015\/08\/Index.jpg 467w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2015\/08\/Index-216x300.jpg 216w\" sizes=\"(max-width: 844px) 100vw, 844px\" \/><\/p>\n<p><strong>22\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a02022-23\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 348<\/strong><\/p>\n<p><strong>23\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2023-24\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 363<\/strong><\/p>\n<p><span style=\"color: #000080;\"><strong><em>Central Board of Direct Taxes<\/em>\u00a0(<em>CBDT<\/em>), Department of Revenue, Ministry of Finance, Government of India notified the Cost Inflation Index for Financial Year\u00a0 2023-24 is 331 &amp;\u00a0 2023-24 is 348.<\/strong><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cost_Inflation_Index_for_FY24-25_is_363\"><\/span><span style=\"color: #000080;\"><strong>Cost Inflation Index for F.Y.24-25 is 363<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Cost Inflation Index (CII) for the financial year 2023-24 is 348.\u00a0The Cost Inflation Index (CII) for the financial year 2024-25 has been notified as 363 by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance. This index is used to adjust the purchase price of assets for inflation when calculating long-term capital gains tax in India. It helps in mitigating the impact of inflation on taxable gains, thereby ensuring fair taxation<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7226\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2015\/08\/photo_2024-05-25_10-59-30.jpg\" alt=\"Cost Inflation Index for Financial Year 20.24-25 s 363\" width=\"978\" height=\"762\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2015\/08\/photo_2024-05-25_10-59-30.jpg 978w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2015\/08\/photo_2024-05-25_10-59-30-300x234.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2015\/08\/photo_2024-05-25_10-59-30-768x598.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2015\/08\/photo_2024-05-25_10-59-30-800x623.jpg 800w\" sizes=\"(max-width: 978px) 100vw, 978px\" \/><\/p>\n<h2 id=\"What-is-base-year-in-Cost-Inflation-Index\"><span class=\"ez-toc-section\" id=\"What_is_take_the_Base_Year_in_CII_Index\"><\/span>What is take the Base Year in CII Index?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In India uses a CII to account for inflation when calculating Income tax capital gains for taxation objective. This Cost Inflation Index is based on a specific &#8220;base year,&#8221; which was most current changed from 1981 to 2001. This means that the Cost Inflation Index for the FY 2001-02 is considered 100, &amp; Cost Inflation Index\u00a0 for all other years is calculated relative to this starting point.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cost_Inflation_Index_specified_for_the_purpose_of_Old_year_computation_of_capital_gains_are_as_follows\"><\/span><strong><a href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-may-10-2016\/\">Cost Inflation Index<\/a> specified for the purpose of Old year computation of capital gains are as follows:-\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"height: 1105px;\" width=\"798\">\n<tbody>\n<tr>\n<td><span style=\"color: #ff6600;\"><strong><span style=\"color: #ff6600;\">FINANCIAL<\/span> <span style=\"color: #ff6600;\">YEAR<\/span><\/strong><\/span><\/td>\n<td><span style=\"color: #0000ff;\"><strong><span style=\"color: #0000ff;\">COST INFLATION INDEX<\/span><\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2015-2016<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>1081<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2014-2015<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>1024<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2013-2014<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>939<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2012-2013<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>852<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2011-2012<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>785<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2010-2011<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>711<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2009-2010<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>632<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2008-2009<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>582<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2007-2008<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>551<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2006-2007<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>519<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2005-2006<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>497<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2004-2005<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>480<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2003-2004<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>463<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2002-2003<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>447<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2001-2002<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>426<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>2000-2001<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>406<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1999-2000<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>389<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1998-1999<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>351<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1997-1998<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>331<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1996-1997<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>305<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1995-1996<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>281<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1994-1995<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>259<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1993-1994<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>244<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1992-1993<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>223<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1991-1992<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>199<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1990-1991<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>182<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1989-1990<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>172<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1988-1989<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>161<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1987-1988<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>150<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1986-1987<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>140<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1985-1986<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>133<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1984-1985<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>125<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1983-1984<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>116<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1982-1983<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>109<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"color: #000000;\"><strong>1981-1982<\/strong><\/span><\/td>\n<td><span style=\"color: #000000;\"><strong>100<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional endeavors. For query or help, contact us : singh@caindelhiindia.com or call at 9555 555 480<\/p>\n<p>Also Read :<\/p>\n<ul>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/3926-2\/\">Tax Audit<\/a><\/li>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/implication-of-cash-transaction-under-income-tax-act\/\">Implication of cash transaction under income tax Act<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Cost Inflation Index The Cost Inflation Index (CII) is a tool used in India to adjust the purchase price of assets for inflation, primarily for the purpose of calculating capital gains tax. The index is published annually by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance.\u00a0 The CII plays a crucial &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[142],"tags":[555,566,502,501,734,569,561,194,541,560,729,733],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/296"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=296"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/296\/revisions"}],"predecessor-version":[{"id":7221,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/296\/revisions\/7221"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}