-
July 14, 2025
Cost Inflation Index for Financial Year 2008-09
It may be noted that Budget 2017/ Finance Act 2017 has proposed amendments in provisions relating to indexation for the purpose of determining long-term capital gains. The base year has been shifted from FY 1981-82 to FY 2001-02. In respect of assets acquired prior to 1 Apr 2001, the assess now has the option to use FMV/ Indexed Cost of Acquisition for arriving at the figure of long-term capital gains. It’s likely that investors in the property will stand to gain in most of the cases with shifting of the base year for the purpose of indexation.
CBDT has notified the Cost Inflation Index (CII) for Financial Year 2008-09 at 137, with new Base Year 2001-02 (cost inflation index=100).
Know CII for all years at once place here.
Need help in filing your Income-tax return? Get expert help at ebizfiling.com.
About Ebizfiling -
May 29, 2026 By Steffy A
US Stocks Tax Implications for Indians: Complete Tax Guide Let’s understand about US Stocks Tax Implications US stocks tax implications have become an important concern for Indian investors as overseas investing continues to grow rapidly. Through platforms like INDmoney, Vested, […]
May 27, 2026 By Steffy A
Section 263(3) Income Tax Act Rules for Senior Citizens Introduction The proposed Section 263(3) Income Tax Act Income Tax Act 2025 introduces a major restructuring of various provisions under the existing tax framework to improve readability, simplify interpretation, and create […]
May 23, 2026 By Steffy A
Section 393(3) Income Tax Act 2025: TDS on Cash Withdrawal Introduction The Income-tax Act 2025 introduces a restructured tax framework aimed at simplifying and consolidating various TDS provisions. One such important provision is Section 393(3), which deals with TDS on […]