The Cost Inflation Index (CII) is a number published by the Central Board of Direct Taxes (CBDT) for every financial year that is used to calculate capital gains on selling a capital asset like real estate, mutual funds, stocks or bonds.
The CII figure is published at the beginning of every financial year. It is used to rebase the purchase price of a capital asset, utilising the concept of indexation.
The CII figure may be taken as a proxy for inflation.
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What is the latest value of the Cost Inflation Index (CII)?
The Cost Inflation Index (CII) for FY 2023-24 (AY 2024-25) is 348. The index has increased by 5.14%.
As the above table shows, it is easy to calculate the indexed purchase price. In the table above, an asset purchased in FY 2008-09 (CII = 137) and being sold in FY 2017-18 (CII = 272), will have an indexed purchase price of ₹198.54.
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This post titled What is the latest Cost Inflation Index (CII) value in 2023? first appeared on 13 Apr 2023 at https://arthgyaan.com
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