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Cost Inflation Index updated to include new financial year index, affecting inflation-adjusted capital gains computation. Amendment inserts a new entry in the Cost Inflation Index table, adding the index value for the specified financial year to be used for inflation adjustment in capital gains computations, made under the Explanation to the capital gains provision of the Income-tax Act and updating the prior notification's schedule.
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Cost Inflation Index updated to include new financial year index, affecting inflation-adjusted capital gains computation.
Amendment inserts a new entry in the Cost Inflation Index table, adding the index value for the specified financial year to be used for inflation adjustment in capital gains computations, made under the Explanation to the capital gains provision of the Income-tax Act and updating the prior notification's schedule.
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