Thursday, June 20, 2024

What is Cost Inflation Index (CII) for FY 2024-25, FY 2023-24 for income tax purposes?

CII number for FY 2023-24, FY 2024-25: The income tax department notifies cost inflation index number for every financial year. This CII number helps to calculate inflation adjusted cost or inflation indexed cost on specified capital costs. Read on to know the CII number from 2001-02 for different financial years.

from Tax-Wealth-Economic Times https://ift.tt/AcT1Ndi

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