Cost Inflation Index (CII) For FY 2024-25 | Indexation Chart To Calculate Long-term Capital Gains
The Cost Inflation Index (CII) is a measure used by the Income Tax Department of India to account for inflation when calculating long-term capital gains on the sale of assets. It was a critical tool for taxpayers; it helped reduce the tax burden on capital gains by adjusting the asset’s purchase price for inflation. However, … Read more