Cost Inflation Index For Fy 2024-25

Cost Inflation Index For Fy 2024-25. The income tax department notifies cost inflation index number for every financial year. Know how to calculate inflation price with formula.

 — cost inflation index has been defined in section 48 of the income tax act 1961 as the index which the central government may notify from time to time having.  — the cost inflation index (cii) is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation.