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Tag: CII

  • Cost Inflation index for year 2014-2015 is 1024

    The Central Board of Direct Taxes (CBDT) has specified a value for the cost inflation index (CII) for 2014-15. A cost inflation index helps reduce the inflationary gains, thereby reducing the long-term capital gains tax payout for a taxpayer. Last year, the index was ‘939’, and this year it is ‘1024’. This would mean that […]