Income Tax

 

CBDT notified Cost Inflation Index for FY 2024-25

The CBDT has notified ‘363’ as Cost Inflation Index (CII) for the Financial Year 2024-25.

CII of 363 shall be used to compute long-term capital gains or losses on the capital assets that have been or are planned to be sold during the financial Year 2024-25.

The CII for the last financial year, i.e., the financial year 2023-24, was 348.

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