Cost Inflation Index

By |2021-10-27T07:41:51+00:00October 27th, 2021|Categories: General|Tags: , , , , |

The Central Government fixes the cost inflation index and publishes it in its official gazette for measuring inflation. This index, notified each year by the Government is defined under Section 48 of the Income Tax Act, 1961. As per section 48(2) of the Income Tax Act "the CII" shall be deemed to be 686 for the [...]