-
July 14, 2025
Cost Inflation Index for Financial Year 2014-15
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 2014-15 at 240, with a 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 experts help at ebizfiling.com.
About Ebizfiling -
September 29, 2025 By Dhruvi
7 Essential Skills CAs Should Learn in 2025 for Growth As a content writer at Ebizfiling, I interact with Chartered Accountants and professionals almost every day. Over time, I have realized that the role of a CA is not the […]
September 29, 2025 By Dhruvi
Expecting a Tax Refund but Got a Demand? Understand Your 143(1) Notice Introduction If you were expecting a refund after filing your Income Tax Return but instead got a demand notice, you’re not alone. This situation happens when the details […]
September 26, 2025 By Dhruvi
Income Tax Rates for Co-operative Societies – Past Seven Years Introduction Co-operative societies in India are entities registered under cooperative law (state or central) that work for their members’ mutual benefit. Their income tax treatment under the Income Tax Act […]