PREVIOUS
✖
Cost Inflation Index 2023/24
June 1 , 2024
29 days
192
0
- Cost Inflation Index (CII) for Financial Year 2024-25 has been fixed at 363.
- The CII number for last fiscal was 348 and for 2022-23 financial year it was 331.
- It shows a rise of 4.3 per cent.
- The Central Board of Direct Taxes (CBDT) has notified the index.
- CII is a way to calculate inflation, that is, an estimated increase in the price of a good or service over the years.
- Indexation is used to adjust the purchase price of an investment to reflect the effect of inflation on it.
- A higher purchase price means lesser profits, which effectively means a lower tax.
Leave a Reply
Your Comment is awaiting moderation.