Cost Inflation Index specified under Explanation to income tax provision, establishing indexation values for capital gains computation. The Central Government, under clause (v) of the Explanation to the income tax provision for capital gains, specifies the Cost Inflation Index for financial years 1981-82 to 1995-96 based on seventy five per cent of the average rise in the Consumer Price Index for urban non manual employees. The notification publishes a table of CII values, ranging from 100 (1981-82) to 281 (1995-96), to be used as indexation factors in computing indexed cost of acquisition for capital gains.
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Cost Inflation Index specified under Explanation to income tax provision, establishing indexation values for capital gains computation.
The Central Government, under clause (v) of the Explanation to the income tax provision for capital gains, specifies the Cost Inflation Index for financial years 1981-82 to 1995-96 based on seventy five per cent of the average rise in the Consumer Price Index for urban non manual employees. The notification publishes a table of CII values, ranging from 100 (1981-82) to 281 (1995-96), to be used as indexation factors in computing indexed cost of acquisition for capital gains.
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