It is used to do all the Indexation calculations for the Capital Gains coming from gains received/accrued from various capital assets. So the CII number helps to calculate the Inflation-adjusted Purchasing Price of an Asset. This is what is known as the Indexed Cost of Acquisition). Historical...
It explains Cost Inflation Index, how it is calculated, how it is used for indexed cost of acquisition, the asset class it applies to & tax liability.
Potential for misalignment:There can be a misalignment of interests between the client and the development team, as the client may want to minimize the number of hours worked to control costs. In contrast, the development team may prioritize billable hours. Fixed-price model This model assumes a...