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<h1>Cost Inflation Index updated to adjust indexed cost for capital gains under the income-tax provision.</h1> Cost Inflation Index specified as 551 for the financial year 2007-08 to determine indexed cost for capital gains, fixed under the Explanation to the income-tax provision on the basis of seventy-five per cent of the average rise in the Consumer Price Index for urban non-manual employees, and inserted into the official notification table by amendment.