Cost Inflation Index change replaces CPI for urban non-manual employees with Consumer Price Index (Urban) for capital gains computation. Amendment replaces the reference 'Consumer Price Index for urban non-manual employees' with 'Consumer Price Index (Urban)' for computing the Cost Inflation Index used to determine indexed cost in capital gains computation; the CII remains derived with reference to seventy-five per cent of the average rise in the specified consumer price index. The amendment takes effect from 1st April, 2016 and applies to the assessment year 2016-17 and subsequent years.
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Cost Inflation Index change replaces CPI for urban non-manual employees with Consumer Price Index (Urban) for capital gains computation.
Amendment replaces the reference "Consumer Price Index for urban non-manual employees" with "Consumer Price Index (Urban)" for computing the Cost Inflation Index used to determine indexed cost in capital gains computation; the CII remains derived with reference to seventy-five per cent of the average rise in the specified consumer price index. The amendment takes effect from 1st April, 2016 and applies to the assessment year 2016-17 and subsequent years.
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