Indian Ministry of Finance releases Cost Inflation Index (CII) for FY 2024-25 at 363, effective April 1, 2024.
The Indian Ministry of Finance has released the Cost Inflation Index (CII) for FY 2024-25 at 363, effective from April 1, 2024. The CII, used to calculate long-term capital gains from immovable property, securities, and jewelry sales, factors in inflation and helps taxpayers adjust their tax liability accordingly. The CII's increase from 348 to 363 indicates an approximate annual inflation rate of 4.3%.
May 25, 2024
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