Cost Inflation Index(CII) is a measure of inflation that is used for computing long-term capital gains on sale of capital assets. It comes under Section 48 of the Income-Tax Act.
Cost Inflation Index from Financial Year 1981-82 to Financial Year 2013-14
Inflation Index is reported in terms of Financial Year, not Assessment Year. In India the year for financial transactions start from 1 st April and ends on 31st March following year. For example For any transaction between 1st April 2010 to 31st Mar 2011 the Indexation for year 2010-2011 i.e 711 would be used.
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