Cost Inflation Index determination governs indexation for capital gains, tied to CPI (Urban) movement and government notification. The Central Government may, by notification in the Official Gazette, specify the Cost Inflation Index for a previous year having regard to a prescribed ... Summary
Cost Inflation Index determination governs indexation for capital gains, tied to CPI (Urban) movement and government notification.
The Central Government may, by notification in the Official Gazette, specify the Cost Inflation Index for a previous year having regard to a prescribed proportion of the average rise in the Consumer Price Index (Urban) for the immediately preceding previous year, thereby linking indexation for capital gains computation to a government-notified index based on recent CPI (Urban) movement.
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